IBM collects profits - Analysis - 17-07-2019

IBM's stock fell while trying to gather momentum and vent off overbought saturation in the RSI, and as traders collected recent short-term profits, amid the dominance of the upward correctional trend in the medium term, with positive support from the 50-day SMA. 

Therefore we expect the stock to rise, targeting the resistance of 145.35, as long as the support of 137.75 holds on. 

Expected trend for today: Bullish