IBM receives positive support - Analysis - 26-01-2022

IBM's stock rallied 5.65% in the last session after leaning on the support of the 50-day SMA, as the RSI reached oversold levels, lending it positive momentum and settling finally at 136.10.

Therefore we expect more gains for the stock, targeting the first resistance of 144.70, provided the support of 127.20 holds on.

Expected trend for today: Bullish