IBM tries to shake off negative pressure - Analysis - 28-07-2021

Economies.com
2021-07-28 12:30PM UTC

IBM's stock inched down 0.01% in the last session amid the dominance of the main upward trend in the medium term, with positive signals from the RSI, gathering positive momentum to shake off negative pressure from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 148.35, provided the resistance of 143.00 was breached. 

 

Expected trend for today: Bullish 

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