IBM sharpens decline - Analysis - 22-09-2021

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