IBM may rise to 180.90 - 185.70

Our pivot point stands at 158.

Our preference

Short term rebound towards 180.9.

Alternative scenario

The downside breakout of 158 would call for 150.3 and 145.5.

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 share stands below its 20 and 50 day moving average (respectively at 168.6435 and 177.6418).

Supports and resistances

190.4 **

185.7 *

180.9 **

176.2

165.63 (USD-last)

161.1

158 **

150.3 *

145.5 **

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