IBM dominated by descending correctional wave - Analysis - 15-05-2019
2019-05-15 13:24:34 GMT
(Economies.com)
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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1079
|
0.0181
|
1.6595%
|
|
|
|
|
1.2323
|
0.0137
|
1.1279%
|
|
|
|
Tadawul
|
7050.66
|
0.49
|
0.01%
|
|
|
|
|
17.425
|
0.314
|
1.835%
|
|
|
|
|
33.442
|
0.012
|
0.036%
|
|
|
|
|
35.29
|
0.55
|
1.58%
|
|
|
|
|
1721.600
|
-6.260
|
0.362%
|
|
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