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IBM stocks hit 204.0 level and resumed upward movements towards the main trend line.
Resistance level of 209.6 is the main target for bulls.
Overcoming of resistance 207.6 will be a buy signal.
Relative strength index is in X column which demonstrates bulls’ strength.
Axel’s Levels for Today:
Daily pivot point: 207.03.
If the price is above the pivot point, the asset is bullish.
If the price is below the pivot point, the asset is bearish.
Resistance 1: 208.63
Resistance 2: 209.9
Support 1: 205.76
Support 2: 204.16
We recommend buying IBM stocks today after resistance level of 208.63 is broken.
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