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.%
1.1124
-0.0120
1.0641%
1.2874
-0.0128
0.9829%
14.873
-0.132
0.876%
66.112
2.103
3.285%
75.26
0.73
0.98%
1276.110
0.410
0.032%
 
 
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