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.%
1.1093
0.0031
0.2780%
1.3134
-0.0003
0.0202%
Tadawul
8066.42
-53.59
0.66%
16.645
0.073
0.440%
58.955
-0.155
0.262%
64.34
0.09
0.14%
1464.015
4.170
0.286%
 
 
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