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Intel Daily Technical Analysis | 17 October 2017

2017-10-17 10:37 am | Resource: Technical Analysis Section | No Views : 319

At the end of last week, Intel broke through the sub-descending trend and the stock continued trading until approaching the $ 39.93 level it had previously fallen.

Intel Daily Technical Analysis | 17 October 2017

In general, the stock is trading in a bullish trend in formation and the SMA is still positively cross with the slow moving average and the long term outlook.
Momentum The rate of change is currently trying to break the bullish trend line and if the breach is confirmed, the electronic instrument stock may fail to breach the 39.93 level.
It is expected that, if a breach of 39.93 might target the level of 40.93 on the other side in case of breaking the level of 39.43 may target areas of 37.7.
Support: 38.41 - 37.7 - 35.09
Resistance: 39.93-40.93 - 42.23
Trend: Up

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