$IBM is going back on the watchlist again after moving perfectly down to the 0.38 Fib for our Wave 4 projection and we can see that there is a confluence level here too with the 200 Day MA helping support.
So far support has held and if the price action continues to hold then there will be no issue why this can not go higher and finish Wave 5 as expected at $234.
Nice chart here, watch closely.
Byron Tanigawa
2024-06-08 04:17:28 +0000 UTCFederico Salerno
2024-06-07 19:18:18 +0000 UTC