$IBM
Added 2024-05-15 16:19:18 +0000 UTCPresenting a very nice opportunity here.
Another stock that has also tested its 200 Day MA and has now held, which is just beside its 0.38 Fib too which is a standard level to pull back for Wave 4.
A hold here and I see no issue with $IBM moving higher to complete Wave 5
Wave 4 pulled back a lot faster than expected so Wave 5 can now come in sooner.
Losing the 200 Day MA would not be a good sign for $IBM and it would be at risk of drifting down back into the channel again.
Comments
Could you confirm Wave 5 2 Fib levels please? When I try to use the Extension tool using 115, 199 and 167, I get $334 Wave 5 target?
MK
2024-05-27 21:06:00 +0000 UTC
