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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 270.00

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: Fxpro

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