Intel extends losses - Analysis - 29-06-2020

Intel's stock kept falling in the short term on track for the fifth loss in a row while hurt by piercing the upward correctional trend line recently, with pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the next support at 55.97. 

Expected trend for today: Bearish