IBM dominated by descending correctional wave - Analysis - 15-05-2019

2019-05-15 13:24:34 GMT (Economies.com)
IBM dominated by descending correctional wave - Analysis - 15-05-2019
 

IBM's stock returned lower amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, while venting off oversold saturation in the RSI. 

 

Therefore we expect more losses for the stock, as long as the resistance of 135.66 holds on, targeting the pivotal support of 130.28. 

 

Expected trend for today: Bearish   

 
 
 
  Symbol Last Change Chg.%
1.1054
-0.0021
0.1910%
1.2532
0.0049
0.3937%
17.849
0.398
2.280%
58.815
3.921
7.144%
64.40
0.80
1.26%
1501.740
12.760
0.857%
 
 
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