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IBM returns lower - Analysis - 28-03-2018
IBM's stock returned lower in the intraday levels, recording a loss of 0.95% in the last session, or 1.46 points, while settling below the resistance of 157.62, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 116.90 to 182.79), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, especially if the support of 149.85 was breached, targeting the next one at 142.07.
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Midday update for Litecoin 28-03-2018
Litecoin price shows calm trades now to test the EMA50, noticing that stochastic shows clear overbought signals now, to form negative factor that we are waiting to push the price to resume the main bearish trend, which its next target located at 120.00.
MoreMidday update for Ripple 28-03-2018
Ripple price tests the bearish channel’s resistance that appears on the chart, accompanied by stochastic losing the positive momentum clearly, while the EMA50 meets the mentioned resistance to add more strength to it.
MoreMidday update for Ethereum 28-03-2018
Ethereum price keeps its stability below the bearish channel’s resistance, to keep the bearish trend scenario active until now, supported by the negative pressure formed by the EMA50, waiting to head towards 310.00 as a next main station, while the expected decline will remain valid unless breaching 565.54 level and holding above it.
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