IBM

IBMTechnology

$248.16+2.06%

Rounding Bottom Rectangle Descending Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$248.16

FEBMARAPR

Validate this Pattern

The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.

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Quick Actions

Trade Plan: Bearish Flag

Risk/Reward

1:6.73

Entry

$233.75

Stop

$248.21

Target

$136.38

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Rectangle

Sideways movement between parallel supports.

Descending Triangle

Bearish continuation pattern.

Bearish Flag

Bearish continuation if preceding move was down.

Market Analysis

Technical analysis of IBM (IBM) reveals a significant setup. The stock is trading at $248.16, up 2.06% on the day. Price action has carved out a classic Bearish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $233.75, targeting $136.38 with support near $248.21 (R:R 6.73).

Community Sentiment

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Peer Analysis

Asml Descending Triangle Swks Rectangle Acn Rounding Bottom Nxpi Descending Triangle Mchp Descending Triangle

Pattern Peers

Acn Rounding Bottom Mlm Rounding Bottom Fox Rounding Bottom Chrw Rounding Bottom Epam Rounding Bottom

IBM