IBM surrounded with positive signals - Analysis - 19-06-2019

IBM's stock rose in the intraday levels, buoyed by exiting a descending price channel that guided recent short-term trading, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, as long as the support of 134.97 holds on, targeting the resistance of 141.70. 

Expected trend for today: Bullish