IBM suffers from negative pressures - Analysis - 14-08-2018

IBM's stock fell 1.23% in the last session, or 1.77 points, as it traded alongside the downward short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, readying thereafter to pierce the support of 142.33. 

Therefore we expect more losses for the stock, especially if the support of 142.33 was breached, targeting the next pivotal one at 137.45.