- IBM broke resistance zone
- Likely to rise to resistance level 320.00
IBM recently broke the resistance zone between the round resistance level 300.00 and the 296.00 (which stopped the previous impulse wave (3) in the middle of June).
The breakout of this resistance zone accelerated the active impulse wave 3 of the intermediate impulse wave (5) from the start of August.
Given the clear daily uptrend, IBM can be expected to rise to the next resistance level 320.00, which is the target price for the completion of the active impulse wave 3.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.