FX.co ★ IBM Stock Analysis on Point and Figure Chart

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.