Shares of IBM Corp., a giant in the field of development and sale of hardware software, are adjusting around 169.50.

Growth is possible.

On the daily chart, the fifth wave of the higher level 5 forms, within which the wave (3) of 5 develops. Now, the third wave of the lower level 3 of (3) has ended, a local correction has formed as the fourth wave 4 of (3), and the fifth wave 5 of (3) is starting. If the assumption is correct, the asset will grow to the area of 205.00–220.00. In this scenario, critical stop loss level is 157.65.