IBM moves in negative zone - Analysis - 19-11-2019
2019-11-19 14:01:21 GMT
(Economies.com)
IBM's stock fell marginally with positive signals from the RSI, while settling below the resistance of 134.89, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 105.88 to 152.749), with negative pressure from the 50-day SMA.
Therefore we expect the stock to decline and target the next support at 129.33.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1332
|
0.0001
|
0.0106%
|
|
|
|
|
1.2609
|
0.0102
|
0.8139%
|
|
|
|
Tadawul
|
7394.26
|
-6.27
|
0.08%
|
|
|
|
|
18.741
|
0.395
|
2.153%
|
|
|
|
|
40.915
|
0.680
|
1.690%
|
|
|
|
|
43.29
|
0.29
|
0.67%
|
|
|
|
|
1810.065
|
24.080
|
1.348%
|
|
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