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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