IBM: Inverse Head and Shoulders Opportunity? We look to Buy at 125.98 (stop at 122.20)
IBM - Intraday - We look to Buy at 125.98 (stop at 122.20)
A bullish reverse Head and Shoulders has formed. The formation has a measured move target of 134.63. Closed above the 50-day MA. The stock is currently outperforming in its sector. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 134.53 and 138.15
Resistance: 130.00 / 138.00 / 145.00
Support: 125.00 / 120.00 / 115.00
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Quarterly Outlook Q2 2022
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