IBM aims to stop the bearish correction
IBM price continues to offer positive attempts to stop the bearish correction that appears on the chart, as the price is leaning on the support base that 23.6% Fibonacci level forms at 181.35, making new attempts to confirm breaching the bearish correctional channel.
Stochastic offers positive signals on the daily time frame, which supports the chances of continuing the bullish bias in the upcoming period, noting that breaching 190.80 will provide strong positive motive that supports targeting the previously recorded top at 215.90.
Therefore, the bullish trend will be preferred in the upcoming period, conditioned by holding above 181.35
Stochastic offers positive signals on the daily time frame, which supports the chances of continuing the bullish bias in the upcoming period, noting that breaching 190.80 will provide strong positive motive that supports targeting the previously recorded top at 215.90.
Therefore, the bullish trend will be preferred in the upcoming period, conditioned by holding above 181.35