Intel marks hefty losses - Analysis - 06-12-2018

Intel's stock fell 4.75% in the last session, or 2.38 points, while still buoyed by exiting a descending correctional price channel that guided recent short-term trading, with positive support from the 50-day SMA, while the stock gathers momentum to help it rise anew. 

Therefore we expect the stock to return higher, especially if it settled back above 48.79, targeting the resistance of 51.87. 

Expected trend for today: Likely Bullish