IBM leans on SMA support - Analysis - 23-09-2019

IBM's stock fell in the intraday levels, amid negative signals from the RSI, leaning on the support of the 50-day SMA while gathering momentum, amid the dominance of the main upward trend in the medium term. 

Therefore we expect the stock to return higher, as long as the support of 138.16 holds on, targeting the pivotal resistance of 145.26. 

Expected trend for today: Bullish