TECH Buy 26.06.2024 08:46
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 developed, a local correction has formed as the fourth wave 4 of (3), and the fifth wave 5 of (3) has started. 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 Wait
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy