IBM tries to recoup losses - Analysis - 06-12-2021

2021-12-06 11:48:03 GMT (Economies.com)
 

IBM's stock rallied 1.66% in the last session in the intraday levels while recouping some past losses, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the support of 113.40, provided the resistance of 118.30 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1276
-0.0022
0.1912%
1.3482
0.0005
0.0345%
Tadawul
12108.56
56.61
0.47%
23.725
-0.091
0.384%
84.721
1.180
1.413%
87.40
1.09
1.26%
1845.900
6.435
0.350%
 
 
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