The shooting star of IBM

09 June 2022 142
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IBM shares have held up much better than their counterparts in the IT industry in recent weeks. On June 6, they even managed to set the maximum since October last year, but it seems that this only became a reason for fixing the profits.

 

The "shooting star" formed on the chart was confirmed, and yesterday the minimum of the day reached the Fibonacci level of 23.6% (140.2). The correction to the following Fibonacci levels is likely to begin: 38,2% (137,5), 50% (135,3) and 61.8% (133).

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