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IBM Daily Technical Analysis | 29 January 2018

2018-01-29 10:17 am | Resource: Technical Analysis Section | No Views : 292

IBM's target price in the first week of this week was 166.84 points and the stock fell to $ 162.43 and currently faces a resistance area of ​​166.84.

IBM Daily Technical Analysis | 29 January 2018

Currently, the American stock is trading in a major upside direction over the 240-minute timeframe, although the sub-trend is currently weak as a result of the decline of the buyers' intention in the electronic stock, the simple moving average and the slow moving average are negative but without confirmation.
The rate of change 12 is trading in a minor bearish direction while the main trend is bullish and the indicator shows a decrease in the torque of the bulls in the stock.
It is expected that, in case of a breach of US electronic shares to the level of $ 168.64 may target areas of 172.95 on the other side in case, breaking the level of 161.12 may target the level of 147.11.
Support: 162.43- 157.09- 146.26
Resistance: 166.84- 172.95- 179.02
Trend: Up

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