IBM returns lower - Analysis - 01-04-2020

Economies.com
2020-04-01 13:47PM UTC

IBM's stock returned lower with a 1.77% loss amid negative pressure from the 50-day SMA coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the first support at 105.95. 

 

Expected trend for today: Bearish 

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