Intel stays flat - Analysis - 10-06-2021

2021-06-10 10:29:24 GMT (Economies.com)
 

Intel's stock (INTC) closed flat in the intraday levels while steadying below the resistance of 58.95, representing the ratio 38.2% of Fibonacci retracement levels fore an ascending wave in the short term (from 43.59 to 68.37), with negative pressure from the 50-day SMA, countered with positive signals from the RSI.

 

Therefore we expect the stock to decline and potentially pierce the support of 56.00, targeting the next support at 53.11, representing  the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1928
0.0026
0.2180%
1.3915
0.0021
0.1544%
Tadawul
10919.68
6.62
0.06%
25.944
-0.044
0.171%
73.261
1.435
1.998%
75.56
0.32
0.43%
1775.345
-3.045
0.171%
 
 
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