IBM Corp.: wave analysis
05 June 2019, 10:18
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 132.75 |
| Take Profit | 136.25, 138.50 |
| Stop Loss | 131.65 |
| Key Levels | 105.69, 121.22, 126.73, 136.25, 138.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 126.65 |
| Take Profit | 121.22, 105.69 |
| Stop Loss | 128.50 |
| Key Levels | 105.69, 121.22, 126.73, 136.25, 138.50 |
The price may grow.
On the 4-hour chart, the upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the first wave 1 of (5) of the lower level has formed, and the development of the upward correction 2 of (5) has begun. If the assumption is correct, the price will grow to the levels of 136.25–138.50. In this scenario, critical stop loss level is 126.73.
Main scenario
Long positions will become relevant during the correction, above the level of 126.73 with the targets at 136.25–138.50. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price below the level of 126.73 will let the price go down to the levels of 121.22–105.69.
On the 4-hour chart, the upward correction of the higher level formed as the fourth wave (4), and the development of the wave (5) began. Now, the first wave 1 of (5) of the lower level has formed, and the development of the upward correction 2 of (5) has begun. If the assumption is correct, the price will grow to the levels of 136.25–138.50. In this scenario, critical stop loss level is 126.73.
Main scenario
Long positions will become relevant during the correction, above the level of 126.73 with the targets at 136.25–138.50. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price below the level of 126.73 will let the price go down to the levels of 121.22–105.69.
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