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IBM Wave Analysis – 3 June 2025

IBM: ⬆️ Buy– IBM reversed from the support zone– Likely to rise to the resistance level 270.00IBM 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 imp…

AktualizovánoJun 4, 2025
1 přečteno min

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).

Source: https://fxpro.news

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