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Intel Daily Technical Analysis | 30 November 2017

2017-11-30 11:40 am | Resource: Technical Analysis Section | No Views : 355

Intel broke yesterday's bullish trend line as traders pressured the US stock and the stock is still trading below $ 45.14 so far.

Intel Daily Technical Analysis | 30 November 2017

The electronic stock is trading in a bearish direction, the simple moving average and the slow moving average are both negative and long term, forming a very important resistance level for the American stock.
Momentum The rate of change breached the bearish trend line and is currently approaching the zero level. Therefore, we do not recommend trading on the stock until the technical indicators agree with the price movement.
It is expected that, if the US electronics shares break the 43.84 level, the stock may target 41.27 on the other side in case, a breach of 45.14 might target 46.36 areas.
Support: 43.84 - 41.05 - 39.02
Resistance: 45.14, 47.17, 48.04
Trend: Down

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