IBM may rise to 209.00 - 213.30

Our pivot point is at 188.1.

Our preference

The upside prevails as long as 188.1 is support.

Alternative scenario

The downside breakout of 188.1 would call for 181.2 and 176.9.

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 trading above both its 20 and 50 day moving average (respectively at 190.673 and 182.0062).

Supports and resistances

217.4 **

213.3 *

209 **

204.6

196.03 (USD-last)

191

188.1 **

181.2 *

176.9 **

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