IBM buoyed by positive pattern - Analysis - 13-06-2018

2018-06-13 12:27:41 GMT (Economies.com)
IBM buoyed by positive pattern - Analysis - 13-06-2018
 

IBM's stock rose in the intraday levels, scoring a fresh profit of 0.20% in the last session, or 0.29 points, as the stock gets buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, shaking off the negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, as long as it settles above 146.20, targeting the resistance of 152.09 as a price target for that forming technical pattern. 

 
 
 
  Symbol Last Change Chg.%
1.1463
-0.0059
0.5134%
1.2986
-0.0086
0.6610%
14.695
0.062
0.427%
69.001
-0.281
0.405%
79.32
-0.50
0.63%
1231.575
4.870
0.397%
 
 
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