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 

 
 
 
  Symbol Last Change Chg.%
1.1052
0.0028
0.2581%
1.2901
0.0100
0.7816%
Tadawul
7924.19
-8.33
0.10%
16.953
0.150
0.893%
57.848
0.489
0.853%
63.36
1.07
1.72%
1466.935
8.655
0.594%
 
 
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