– IBM reversed from resistance level 264.40
– Likely to fall to support level 247.25
IBM recently reversed down exactly from the strong resistance level 264.40 (top of the previous impulse wave iii from the start of February).
The downward reversal from the resistance level 264.40 started the active short-term correction ii, which belongs to wave 3 from the start of January.
Given the strength of the resistance level 264.40 and the overbought daily Stochastic, IBM can be expected to fall to the next support level 247.25 (low of the previous correction iv).
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…
Weak US retail sales are adding to concerns of a potential recession, putting pressure on…
The Dow Jones rebound depends on the Federal Reserve's monetary policy and incoming data. It…
This website uses cookies