IBM bolsters gains - Analysis - 13-02-2018

2018-02-13 12:44:29 GMT (Economies.com)
IBM bolsters gains - Analysis - 13-02-2018
 

IBM's stock rose anew in the intraday levels, recording a loss of 1.26% in the last session, or 1.89 points, while getting hurt by exiting an ascending price channel that limited recent short-term trading, with negative pressure from the 50-day SMA, while the stock tries to vent off oversold saturation in the RSI. 

 

Therefore we expect the stock to return lower, especially if it settled back below the support of 149.85, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 116.90 to 182.79), targeting the next support of 142.07, which represents the ratio 61.8%. 

 
 
 
  Symbol Last Change Chg.%
1.1469
-0.0053
0.4639%
1.2997
-0.0075
0.5764%
14.688
0.056
0.379%
69.015
-0.266
0.384%
79.32
-0.50
0.63%
1231.270
4.565
0.372%
 
 
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