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

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