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IBM stock price rebounded amid the downtrend.
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Buyers are looking to retest the 20-day EMA near $145.
IBM stock price is trading in a downtrend and slipped below the crucial support zone of $150, indicating seller interest for the past sessions. Moreover, the price action showcased the sellers’ dominance and suggested a negative outlook for the upcoming sessions. Furthermore, the chart highlights lower lows and a falling channel, which replicates that sellers have persisted in making short buildups and are looking to push IBM stock below the immediate swing of $140.
IBM stock price persists in dragging the gains and is trading below the cluster of $150, replicating selling pressure for the past sessions. IBM stock has faced headwinds and did not manage to hold the gains and decisively broke the swings. However, the options chain showcased a different view. At the strike price of $145, strong put writing of 1.30 Lakh shares suggests that follow-on bu
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