IBM sharpens decline - Analysis - 22-09-2021

2021-09-22 10:50:23 GMT (Economies.com)
 

IBM's stock declined 1% in the last session while hurt by piercing the main upward medium-term trend line recently, and amid pressure from the 50-day SMA, coupled with negative signals from the RSI, settling thereafter at 132.97.

 

Therefore we expect more losses for the stock, targeting the support of 130.40, provided it settles below 135.17.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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