IBM CORP.: WAVE ANALYSIS

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IBM CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point186.89
Take Profit220.00, 240.00
Stop Loss157.65
Key Levels120.27, 135.35, 157.65, 220.00, 240.00
Alternative scenario
RecommendationSELL STOP
Entry Point157.60
Take Profit135.35, 120.27
Stop Loss165.00
Key Levels120.27, 135.35, 157.65, 220.00, 240.00

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 fifth wave 5 of (3) has started, within which the wave i of 5 has ended, and a correction is developing as the wave ii of 5. If the assumption is correct, the asset will grow to the area of 220.00–240.00. In this scenario, critical stop loss level is 157.65.

IBM CORP.: WAVE ANALYSIS

IBM CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 157.65 with the targets at 220.00–240.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 157.65 will let the asset go down to the area of 135.35–120.27.


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