IBM rallies - Analysis - 22-04-2021

Economies.com
2021-04-22 12:04PM UTC

IBM's stock spiked 3.90% in the last session while trading alongside the upward medium-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 151.80, provided the support of 135.90 holds its ground. 

 

Expected trend for today: Bullish 

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