International Business Machines Corp. (NYSE: NYSE:IBM ) encountered a stormy start to the trading day as its shares tumbled more than 8% in premarket trading on Thursday. The computing and consultancy giant grappled with challenges in its consulting business, fueled by enterprise spending constraints amid an uncertain economic backdrop and rising interest...
Reasons for bullish bias: - Price gave HH breakout - Bounce from support Here are the recommended trading levels: Entry Level(CMP): 29.17 Stop Loss Level: 22.65 Take Profit Level 1: 35.09 Take Profit Level 2: Open
Shares of HashiCorp ( NASDAQ:HCP ), a cloud software maker, surged by up to 26% following media reports that IBM was in discussions to acquire the company. HashiCorp's software aids developers in setting up and managing infrastructure in public clouds operated by companies like Amazon and Microsoft. The software also provides organizations with security credential...
Reasons for bullish bias: - Price gave long-term resistance breakout - Basic DOW, entry at HH breakout Here are the recommended trading levels: Entry Level(CMP): 28.64 Stop Loss Level: 23.41 Take Profit Level 1: 33.87 Take Profit Level 2: Open
HCP is a computer infrastructure company. The December earnings were a 160% beat. Given the quicky evolving AI supertrend, the earnings might be expected to be another big beat. However, that could be baked into the price. However, the explosive volatility of the last trading session say otherwise. I will take a long trade here and chase this stock. I see it...
New Higher high and ABCD bullish reversal pattern indicates bullish trend is reversal setup for HCP. TP1 can be 55 which also works as support for HCP.
HCP is forming a clear Head-and-Shoulders pattern. It is still not completed as the stock is testing the neckline at 43.00, but odds favor breaking that line to successfully complete that pattern and target 50.00. What gives more weight to this scenario is RSI structure. RSI moved in the blue rectangle during the pattern formation and it managed to break it in...