Growth is possible.

On the daily chart, the fifth wave of the highest level 5 and the wave (3) of 5 develop. On the daily chart, the fifth wave of the lowest level 5 of (3) is forming, within which the wave i of 5 has fromed. If the assumption is correct, after the correctional wave ii of 5 the asset will grow to the area of 300.00–320.00. In this scenario, the critical stop loss level is 237.85.

Shares of IBM Corp., a giant in the field of development and sale of hardware software, are trading in a correction trend at 263.00.