Intel widens gains - Analysis - 21-10-2021

Intel's stock (INTC) rose 0.29% in the last session and settled at 55.37, and confirming the breach of the downward correctional short-term trend line, while buoyed by trading above the 50-day SMA, as the RSI reached overbought levels.

Therefore we expect more gains for the stock, targeting the important resistance of 58.35, provided the resistance of 55.50 was breached.

Expected trend for today: Bullish