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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