country flagالعربية

IBM Daily Technical Analysis | 14 November 2017

2017-11-14 08:28 am | Resource: Technical Analysis Section | No Views : 342

During the previous report, IBM shares were trading in a downtrend in formation. Currently, the American stock has broken the bullish trend line during yesterday's trading.

IBM Daily Technical Analysis | 14 November 2017

The simple moving average and the slow moving average are both negative and negatively intersected with the long term moving average.
The rate of change 28 is trading in a downtrend on the interval of 240 minutes.
It is expected that as long as the American stock is trading below $ 150.21, it might target the level of 141.59 on the other side, if the breach of 151.72 might target the level of 160.57 and the trend will move higher.
Support: 146.26 - 141.59 - 139.05
Resistance: 157.09- 162.43- 166.84
trend: Down

Other news

Wall Street shares markets open lower after Saudi Aramco attack

Shares on Wall Street began the first trading session of the week low after an attack on two facilities of Saudi Aramco, cutting the oil giant's production in half. The United States accuses Iran of being behind the attack, while Tehran has denied the allegations. It is reported that the incident will delay the initial public offering of Aramco. At the same time, more than 49,000 GM workers began a…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.