IBM climbs alongside downward trend line - Analysis - 17-08-2018

IBM's stock rose in the intraday levels, trespassing the resistance of the 50-day SMA and shaking off its negative pressure, scoring thereafter a profit of 0.99% in the last session, or 1.43 points, while trading alongside the main downward short-term trend line, with negative signals from the Relative Strength Index. 

Therefore we expect the stock to return lower, especially if the support of 142.33 was breached, targeting the next one at 137.45.