IBM may rise to 211.80 - 215.80

Our pivot point stands at 191.7.

Our preference

The upside prevails as long as 191.7 is support.

Alternative scenario

The downside breakout of 191.7 would call for 184.8 and 180.8.

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 192.4575 and 184.7852).

Supports and resistances

219.9 **

215.8 *

211.8 **

207.6

198.73 (USD-last)

194.2

191.7 **

184.8 *

180.8 **

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