IBM returns lower - Analysis - 10-12-2018

IBM's stock fell 3.69% in the last session, or 4.57 points, amid the dominance of the main downward trend in the medium and short terms, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, as long as the resistance of 125.06 holds on, targeting the support of 114.09. 

Expected trend for today: Bearish