Sunday, February 10, 2019

Annual Forecast for IBM (2019)

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

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