IBM gathers positive momentum - Analysis - 14-01-2021

2021-01-14 09:46:09 GMT (Economies.com)
 

IBM's stock fell 1.77% in the last session after the resistance of 129.00 held on, while gathering momentum to help it rise and pierce the resistance, amid negative signals from the RSI, countered by positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 135.20, provided the resistance of 129.00 was breached. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
News Today