International Business Machines Corporation’s stock price (IBM) rose in latest intraday trading, tackling the pivotal resistance of $265.70, amid the dominance of the main upward trend in the medium term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive signals from the Stochastic after reaching oversold levels.
Therefore we expect more gains for the price, especially if the resistance of $265.70 is breached, targeting the next one at $280.50.
Today’s price forecast: Bullish
The price of (ETHUSD) rose in its recent intraday trading, after a decline journey that assisted the price to gain positive momentum to assist it to recover, affected by the emergence of the negative signals on the (RSI), amid the dominance of the bullish trend and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above its EMA50.
The price of (BTCUSD) rose in its recent intraday trading, to lean on a minor bullish trend line on the short-term basis, accompanied by its lean on the support of its EMA50, to attempt to gain a positive momentum that might assist it to breach the main resistance at $110,000, assisted by the beginning of positive signals emergence of the (RSI), after reaching oversold levels, exaggeratedly compared to the price move, which suggest forming a positive divergence.
The price of (Brent) rose in its recent intraday trading, amid the price movements in tight sideways range trading, supported by the emergence of the negative signals on the (RSI), to reach the resistance of its EMA50.