IBM gathers positive momentum - Analysis - 02-06-2020

IBM's stock fell barely in the last session while gathering momentum and preparing to tackle the resistance of 126.91, as it vents off overbought saturation from the RSI, as it traded alongside the upward short-term trend line, with support from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of 135.70. 

Expected trend for today: Bullish