IBM — Long-Term Trend Support Held: Reversal or Just a Bounce?International Business Machines CorporationBATS:IBMstreak35Hello Everyone, Followers, After a quick break I am here again :) . So IBM is the next one Let's drill down: 📊 Technical Overview IBM pulled back sharply from recent highs but found strong support at the long-term rising trendline, which has acted as a major structural support since 2024. Price reacted precisely from the $255–260 demand zone, aligning with the 0.236 Fibonacci level and trend support. The bounce shows buyers defending the long-term uptrend, but the stock is still trading below key moving averages and needs confirmation. Momentum indicators suggest a potential short-term recovery phase rather than a full trend reversal — for now. 🔹 Key Levels Support 255 – 260 → Long-term trendline support (critical) 235 → Major demand zone 225 → Structural support Resistance / Targets 264 → First resistance (0.382 Fib) 282 – 296 → Key supply zone 313+ → Previous highs / breakout zone 🔮Outlook As long as the trendline holds, the broader bullish structure remains intact. However, price needs to reclaim the mid-range resistance to confirm strength. 🎯 What I Expect Short term, I expect consolidation or a bounce toward 264–282. If buyers push above 296, the uptrend continuation becomes likely. If 255 breaks, downside toward 235 becomes the next scenario. If you enjoy and like clean, simple analysis — follow me for more. This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis. Have a lovely Sunday to all and hopefully green trade day for next Week. #TechnicalAnalysis #TradingView #Stocks #USStocks #PriceAction #TrendTrading #SwingTrading #Support #Trendline #Reversal