IBM: ⬆️ Buy
– IBM broke resistance area
– Likely to rise to resistance level 286.75
IBM recently broke the resistance area between the resistance level 276.00 and the 61.8% Fibonacci correction of the ABC correction (4) from June.
The breakout of this resistance area accelerated the active short-term impulse wave 3 of the intermediate impulse wave (5) from August.
IBM can be expected to rise further to the next resistance level 286.75 (former top of wave B from July and the target for the completion of the active impulse wave 3).
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