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

Economies.com
1 year ago

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

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