IBM declines amid positive pressures - Analysis - 20-05-2020
2020-05-20 10:41:37 GMT
(Economies.com)
IBM's stock declined 1.04% in the last session while garnering positive momentum to help it rise anew, while trading alongside the upward short-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the first resistance at 126.90, as long as the support of 115.78 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1300
|
-0.0031
|
0.2745%
|
|
|
|
|
1.2628
|
0.0121
|
0.9695%
|
|
|
|
Tadawul
|
7416.67
|
22.41
|
0.30%
|
|
|
|
|
18.662
|
0.316
|
1.720%
|
|
|
|
|
40.180
|
-0.055
|
0.137%
|
|
|
|
|
42.79
|
0.44
|
1.04%
|
|
|
|
|
1795.340
|
9.355
|
0.524%
|
|
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