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Intel Daily Technical Analysis | 5 October 2017

2017-10-05 10:53 am | Resource: Technical Analysis Section | No Views : 317

Intel's target of the full head and shoulders model, which we have noted in several previous reports, the latest of which is the September 25 report. The moving average, slow and long-term moving averages constitute support levels for the stock and so far are trading in a bullish direction.

Intel Daily Technical Analysis | 5 October 2017

Currently, we recommend closing some of the open positions on the stock and closing all the positions in the case of breaking the level of 38.86 $ to maintain the profits achieved.
Momentum The rate of change is still trading in a bullish direction but closed below the saturation level to indicate the beginning of a weakness in the strength of the bulls.
It is expected that if a break of 38.86 might target the 37.7 level on the other side if a breach of 39.85 might target areas of 40.93.
Support: 38.41 - 37.7 - 35.09
Resistance: 39.85-40.93 - 42.23
Trend: Up


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