IBM breaches negative pattern's support - Analysis - 11-10-2018

2018-10-11 13:23:07 GMT (Economies.com)
IBM breaches negative pattern's support - Analysis - 11-10-2018
 

IBM's stock breached the support of a negative pattern that formed in the short term, the Rising Wedge pattern, while also breaching the support of the 50-day SMA, doubling pressures, and recording a final loss of 3.09%, or 4.55 points. 

 

Therefore we expect more losses for the stock, as long as the resistance of 147.52 holds on, targeting the pivotal support of 137.45. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1469
-0.0053
0.4578%
1.2994
-0.0078
0.5936%
14.698
0.066
0.448%
69.055
-0.226
0.326%
79.32
-0.50
0.63%
1232.095
5.390
0.439%
 
 
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