Intel exposed to negative pressure - Analysis - 05-08-2019

Economies.com
2019-08-05 14:21PM UTC

Intel's stock kept falling in the short term, while hurt by piercing the upward trend line recently, trespassing the support of the 50-day SMA, doubling pressures, amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as it settles below 48.25, targeting the first support at 45.87. 

 

Expected trend for today: Bearish 

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