International Business Machines (NYSE)

#IBM

The trend is upward. The stock is trading between the 365 and 135 EMA. The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trade Idea:
Buy upon the formation of an ascending wave structure, where wave (A) breaks the trendline of the descending truncated structure.

Stop Loss — 296.50.
Target levels — 306.40; 314.40.