IBM Trading Analysis (16/01/2025)
The trend is up. The downward truncated wave structure ended with the break of the pivot 2 of wave C. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The stock is trading in the range between 365 and 135 ЕМАs.
Trade idea:
- Buy on the breach of 221.55.
- Stop-loss at 214.53.
- Price targets at 230.00 and 237.00.
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