IBM may rise to 195.60 - 198.40

Our pivot point is at 178.3.

Our preference

The upside prevails as long as 178.3 is support.

Alternative scenario

Below 178.3, expect 173.6 and 170.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 177.88 and 172.5522).

Supports and resistances

201.4 **

198.4 *

195.6 **

192.8

183.25 (USD-last)

180.1

178.3 **

173.6 *

170.9 **

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