IBM returns higher - Analysis - 04-05-2021

Economies.com
2021-05-04 09:54AM UTC

IBM's stock returned higher with a 2.02% profit in the last session amid the dominance of the upward medium-term trend, 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 on.

 

Expected trend for today: Bullish 

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