IBM exits descending price channel - Analysis - 11-06-2019

2019-06-11 11:40:04 GMT (Economies.com)
 

IBM's stock rose 1.07% in the last session, confirming the breach of the descending price channel that guided recent short-term trading, while buoyed by positive support from the 50-day SMA, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 137.04, as long as the support of 132.47 holds on. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.2130
-0.0043
0.3520%
1.4118
-0.0018
0.1280%
Tadawul
10322.68
86.96
0.85%
27.338
-0.466
1.676%
65.288
-0.104
0.159%
68.55
0.41
0.60%
1828.090
-16.135
0.875%
 
 
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