IBM stalls - Analysis - 21-09-2023

International Business Machines Corporation's stock (IBM) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, amid the dominance of the main upward short-term trend, with positive signals from the RSI, coupled with positive pressure from the 50-day SMA.

Therefore we expect the stock to rise and target the first resistance at 153.20, provided it settles above the support of 146.50.

Expected trend for today: Bullish