Symantec sharpens correctional decline - Analysis - 19-05-2017

Symantec's stock (SYMC) kept falling in the intraday levels, recording a loss of 1.26% in the last session, or 0.38 points, with negative pressure from the 50-day SMA, as the stock seeks a bottom to bounce it higher anew, while trading within an ascending price channel in the short term, as relative power indicators reached extremely oversold levels. 

Therefore we expect the stock to return higher, provided the support of 28.22 holds on, targeting the resistance of 33.20.