IBM breaches negative pattern's support - Analysis - 11-10-2018

2018-10-11 13:23:07 GMT (Economies.com)
IBM breaches negative pattern's support - Analysis - 11-10-2018
 

IBM's stock breached the support of a negative pattern that formed in the short term, the Rising Wedge pattern, while also breaching the support of the 50-day SMA, doubling pressures, and recording a final loss of 3.09%, or 4.55 points. 

 

Therefore we expect more losses for the stock, as long as the resistance of 147.52 holds on, targeting the pivotal support of 137.45. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1366
0.0055
0.4827%
1.2643
0.0045
0.3544%
14.648
0.084
0.573%
46.087
-5.123
10.004%
56.29
-3.34
5.60%
1249.370
11.120
0.898%
 
 
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