IBM may rise to 183.30 - 188.10

Our pivot point stands at 161.1.

Our preference

Short term rebound towards 183.3.

Alternative scenario

Below 161.1, expect 153.3 and 148.6.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 169.709 and 181.456).

Supports and resistances

192.8 **

188.1 *

183.3 **

178.6

169.03 (USD-last)

164.3

161.1 **

153.3 *

148.6 **

Number of asterisks represents the strength of support and resistance levels.