Categories: Technical analysis

IBM Wave Analysis – 3 June 2025

IBM: ⬆️ Buy

– IBM reversed from the support zone

– Likely to rise to the resistance level 270.00

IBM recently reversed up from the support zone between the support level 255.90 (low of the previous correction 2), the 20-day moving average and the 61.8% Fibonacci correction of the upward impulse from May.

The upward reversal from this support zone continues the active impulse waves 3 and (3).

Given the clear daily uptrend, IBM can be expected to rise to the next resistance level 270.00 (which stopped the earlier impulse wave 1 in the middle of May).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: IBM

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