IBM amid negative outlook - Analysis - 27-10-2021

2021-10-27 11:09:40 GMT (Economies.com)
 

IBM's stock fell 0.40% in the last session, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, settling thereafter at 127.13. 

 

Therefore we expect more losses for the stock, targeting the support of 118.30, provided it holds above 132.80.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1323
0.0053
0.4676%
1.3322
0.0012
0.0928%
Tadawul
10810.60
-60.02
0.55%
22.819
-0.226
0.979%
67.646
-4.755
6.568%
71.20
-2.24
3.05%
1792.995
7.905
0.443%
 
 
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