IBM's stock rose 0.49% in the last session, or 0.67 points, while 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), scoring a profit of 0.49% in the last session, with positive signals from the RSI, with positive support from the 50-day SMA.
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