IBM Correction or Bear Trap?International Business Machines CorporationBATS:IBMisahebdadiOn the daily chart, the stock had been moving inside a clear ascending channel for months. Recently, price broke below the channel support, which is a bearish technical signal. The current bounce looks like a pullback toward the broken support, which may now act as resistance. Short-Term Outlook If selling pressure continues, downside targets are: Targets •$245 •$235 •$220 Stop Loss •Above $265 Long-Term Outlook The long-term trend is weakened but not fully bearish yet. If the price re-enters the channel, bullish momentum could return. Targets •$285 •$305 •$330 Long-Term Stop Loss •Below $220 Brief Fundamental View IBM is focusing heavily on AI and Hybrid Cloud, especially after acquiring Red Hat. Growth drivers include enterprise AI solutions and cloud services, but the company still faces strong competition from Microsoft and Amazon.