IBM attacks current resistance - Analysis - 14-03-2019

2019-03-14 13:50:54 GMT (Economies.com)
IBM attacks current resistance - Analysis - 14-03-2019
 

IBM's stock rose 0.20% in the last session, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI, with positive pressure from the 50-day SMA, tackling the resistance of 138.54, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 171.13 to 105.94). 

 

Therefore we expect more gains for the stock, especially if the resistance of 138.54 was breached, targeting the next one at 146.23, which represents the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish  

 
 
 
  Symbol Last Change Chg.%
1.1163
0.0000
0.0009%
1.2703
-0.0034
0.2701%
14.453
0.035
0.246%
62.968
0.286
0.457%
72.03
0.15
0.21%
1274.760
-3.005
0.235%
 
 
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