IBM stalls - Analysis - 30-03-2021

Economies.com
2021-03-30 10:25AM UTC

IBM's stock declined 0.38% in the last session amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, while venting off overbought saturation in the RSI.

 

Therefore we expect the stock to rise and target the first resistance at 139.50. 

 

Expected trend for today: Bullish 

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