Intel attempts to stimulate positive momentum - Analysis - 26-12-2017

Intel's stock (INTC) fell in the intraday levels, registering a loss of 0.13% in the last session, or 0.06 points, after hitting an intraday low at 46.02, bouncing off it higher and paring the losses, while trying to gather momentum to help it attack the important resistance of 47.30, amid positive support from the 50-day SMA, with the dominance of the main upward short-term trend. 

Therefore we expect the stock to return higher, provided it pierces the resistance of 47.30, targeting the next one at 50.05.