IBM in a free fall - Analysis - 18-10-2018

IBM's stock sank 7.63% in the last session, or 11.07 points, breaching the pivotal support of 137.45, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern, amid the complete dominance of the main downward trend in the medium term. 

Therefore we expect more losses for the stock, as long as it settles below 137.45, targeting the support of 126.91. 

Expected trend for today: Bearish