IBM Corp.: wave analysis
16 January 2019, 08:38
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 121.68 |
| Take Profit | 129.74, 137.45 |
| Stop Loss | 113.65 |
| Key Levels | 100.00, 105.80, 129.74, 137.45 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 105.75 |
| Take Profit | 100.00 |
| Stop Loss | 107.70 |
| Key Levels | 100.00, 105.80, 129.74, 137.45 |
The price may grow.
On the 4-hour chart, the development of the third wave of the higher level (3) ended. Now, the formation of an upward correction as the fourth wave (4) has begun, within which the wave a of (4) is developing. If the assumption is correct, the price will grow to the levels of 129.74–137.45. In this scenario, critical stop loss level is 105.80.
Main scenario
Long positions will become relevant during the correction, above the level of 105.80 with the targets at 129.74–137.45. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 105.80 will let the price go down to the level of 100.00.
On the 4-hour chart, the development of the third wave of the higher level (3) ended. Now, the formation of an upward correction as the fourth wave (4) has begun, within which the wave a of (4) is developing. If the assumption is correct, the price will grow to the levels of 129.74–137.45. In this scenario, critical stop loss level is 105.80.
Main scenario
Long positions will become relevant during the correction, above the level of 105.80 with the targets at 129.74–137.45. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 105.80 will let the price go down to the level of 100.00.
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