IBM's stock closed 0.99% higher with positive signals from the RSI, while suffering pressure from the 50-day SMA, and settling below the resistance of 134.88, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term.
Therefore we expect the stock to return lower, targeting the next support of 129.34, representing the ratio 50%.
Expected trend for today: Bearish