TECH Buy 12.06.2024 09:18
IBM Corp.: wave analysis
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.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy