Intel readies to tackle current resistance - Analysis - 14-12-2018

Economies.com
2018-12-14 11:37AM UTC

Intel's stock rose 0.96% in the last session, or 0.46 points, while readying to tackle the resistance of 48.79, amid positive support from the 50-day SMA, with positive signals from the RSI, as the stock is buoyed by exiting a descending price channel that limited recent short-term trading. 

 

Therefore we expect more gains for the stock, especially if the resistance of 48.79 was breached, targeting the resistance of 51.87. 

 

Expected trend for today: Bullish  

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