IBM Bull Flag: Long

Atualizado
Position: Bought 80, 290 strike OTM January 17 2025 Calls at $0.08

TA:
Bull flag with a symmetrical triangle at the tail end of it.
Targeting underlying price of between $235 and $250 between May 2024 and November 2024.

FA:
Market Cap 170B with Revenue at 61B annually as of 2023, with positive earnings. Deeply undervalued compared to other names like Microsoft, Tesla, and NVIDIA. Lots of enterprise solutions for the AI boom. IBM trading at 2.7x Revenue currently, meanwhile MSFT at 14x, NVNDA at 32x, and TSLA at 6x.
Nota
snapshot
* Bought Calls at $0.49
Great breakout above the bull flag area, holding 192.42 support well, needs to hold between here and 191.52, if it does anticipating a breakout above the $197 area, ideally that pushes past $200 when it occurs.
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Aviso legal