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%
|
|
News Today
2019-12-10 22:50:21 GMT
2019-12-10 19:32:25 GMT
2019-12-10 12:34:32 GMT
2019-12-09 19:53:12 GMT
