IBM rises in negative zone - Analysis - 02-12-2019

2019-12-02 13:12:17 GMT (Economies.com)
 

IBM's stock rose while still settling below the 134.88 resistance, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave, amid pressure from the SMA and the RSI. 

 

Therefore we expect the stock to return lower, targeting the next support at 129.34, representing the ratio 50%. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1136
0.0074
0.6658%
1.3164
0.0027
0.2044%
Tadawul
8005.77
-127.95
1.57%
17.030
0.458
2.764%
58.865
-0.245
0.414%
64.08
0.36
0.56%
1483.465
23.620
1.618%
 
 
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