Stocks

IBM exposed to negative pressure - Analysis - 21-09-2020

2020-09-21 10:27:32 GMT (Economies.com)

IBM's stock fell 1.73% in the last session after hitting the resistance of the 50-day SMA, while trading alongside the downward short-term trend line, with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the support of 115.30, provided the support of 122.04 was breached. 

 

Expected trend for today: Bearish 

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