IBM exposed to negative pressure - Analysis - 08-11-2019

2019-11-08 14:02:44 GMT (Economies.com)

IBM's stock fell in the intraday levels after touching the resistance of the 50-day SMA while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the main upward trend.

Therefore we expect the stock to return higher, targeting the resistance of 141.17.

Expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1052	0.0028	0.2581%
End of day analysis for the EURUSD 15-11-2019
	GBP/USD	1.2901	0.0100	0.7816%

	Tadawul	7924.19	-8.33	0.10%

	Silver	16.953	0.150	0.893%

	Oil	57.848	0.489	0.853%
End of day analysis for Crude oil 15-11-2019
	Brent Oil	63.36	1.07	1.72%

	Gold	1466.935	8.655	0.594%
End of day analysis for Gold 15-11-2019

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