Intel suffers from negative pressures - Analysis - 12-10-2021

2021-10-12 11:59:56 GMT (Economies.com)
 

Intel's stock (INTC) fell 0.69% in the last session, trespassing the support of the 50-day SMA, amid the dominance of the downward correctional trend as shown in the attached chart, settling thereafter at 53.44, with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 52.65.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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