Stocks

IBM tackles current resistance - Analysis- 25-11-2020

2020-11-25 12:41:00 GMT (Economies.com)

IBM's stock spiked 3.61% in the last session after shaking off negative pressure from the 50-day SMA, tackling the resistance of 123.77, while trading alongside the upward medium-term trend line, with positive signals from the RSI despite reaching overbought levels.

 

Therefore we expect more gains for the stock, targeting the resistance of 123.77. 

 

Expected trend for today: Bullish 

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