IBM shares
(NYSE:RBS) have also started moving northwards in recent times and it would
also recover some of the losses sustained in the last several months.
Price is
above the EMA 21, which supports the bullishness in the market. The Williams’ %
Range period 20 is in the overbought region, which means the bullish momentum
in the market is currently strong.
In the
near time, price is consolidating, preparing itself for the coming bullish
breakout, which is supposed to be significant. The losses of several months ago
would be recovered. The supply zones at 150.00, 160.00 and 170.00 would be
reached this year.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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