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Intel Daily Technical Analysis | 13 September 2017

2017-09-13 12:27 pm | Resource: Technical Analysis Section | No Views : 282

Intel broke the uptrend line on the 30-minute interval during yesterday's trading due to weaker buyers' resolve and the need to correct for momentum.

Intel Daily Technical Analysis | 13 September 2017

The rate of change 12 closed below the areas of saturation to show the need for correction due to the technical deviation and currently trading the stock below the level of zero to indicate the increasing resolve of vendors.
It is expected that if the Intel share breaks to a level of 36.23, the index will continue its path towards the target of the cup and the classic continuation of the continuation of 37.23 on the other hand, if the stock continues down the trend line, it is targeting the level of 35.74.
Support: 35.74 - 35.06- 34.46
Resistance: 36.44-36.66- 37.23
Trend: neutral

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