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Elliott Wave Analysis & Forecast, #IBM, M1, 20160222

Elliott Wave Analysis & Forecast, #IBM, M1, 20160222

Refer to my previous IBM analysis of 2nd Feb. I predicted through Elliott wave count that this share is near to place a bottom and soon an impulsive rally start to begin to 200 and even much higher in longer term. The bottom is placed slightly low the 61% of Fibonacci also confirming that blue wave II has completed 116.90 and now we are in blue wave III of Red wave III which will go to its ideal target 300 or even higher in next coming month. Long term trader can enter into trades targeting 172 and 200 level.

muhiuddin

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