$IBM is getting that support for Wave 4 on the 0.38 Fib at $167 and is very close in the PM now to making a higher high.
Support was found on the confluence level between the 200 Day MA and the 0.38 Fib which is always good to see.
Wave 5 is at the 2 Fib at $234, so a continuation today to the upside would help encourage more buyers here.