IBM shares fell 2.5% yesterday, which seems not so bad compared to the fact that the Nasdaq index crashed by more than 5%. The U.S. inflation figures for August, which turned out to be weaker than expected, seriously undermined the prices of many financial assets.
The formed "evening doji star" suggests that the descent will continue. At the same time, IBM supports the range of 125-126, which may prevent a large-scale decline. If "bears" manage to break below, it will open the way to the annual low around 119.
This content is for informational purposes only and is not intended to be investing advice.
