Intel tries to recoup losses - Analysis - 22-05-2019

Economies.com
2019-05-22 10:07AM UTC

Intel's stock rose in the last session in an attempt to recoup some past losses, while venting off oversold saturation in the RSI, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to decline as long as the resistance of 45.99 holds on, targeting the pivotal support of 42.34. 

 

Expected trend for today: Bearish 

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