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Intel Daily Technical Analysis | 10 November 2017

2017-11-10 05:11 am | Resource: Technical Analysis Section | No Views : 297

Our neutral view of Intel shares was the result of the break of the minor bullish trend line and the failure of the stock to break the 45.59 level which confirms the trend reversed.

Intel Daily Technical Analysis | 10 November 2017

The SMA is still breached negatively with the Slow Moving Average and the Long Term Moving Average but without confirmation.
Momentum rate of change is trading in a bearish direction and is trying to break through the bullish trend line and during today's trading we will see whether it will be able to continue above the rising trend line or will fail and the American stock continues to fall.
It is expected that if a break of 45.60 might target the 43.85 level on the other side in case, a breach of 47.17 might target 37.7 zones.
Support: 45.14 - 41.05 - 39.02
Resistance: 47.17 - 48.04 - 49
Trend: neutral


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