Intel touches SMA resistance - Analysis - 23-12-2021
Economies.com
2021-12-23 10:11AM UTC
Intel's stock (INTC) rose 0.39% in the last session, amid positive signals from the RSI, settling at 50.97. and touching the resistance of the 50-day SMA, amid the dominance of the downward correctional trend in the medium term.
Therefore we expect the stock to return lower, targeting the pivotal support at 47.80, provided the resistance of 51.95 holds on.
Expected trend for today: Bearish
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