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Intel Daily Technical Analysis | 6 December 2017

2017-12-06 07:48 am | Resource: Technical Analysis Section | No Views : 307

Intel shares are trading in a bearish direction as a result of the break of the American stock of the rising trend line as well as the trading of the stock below the bearish trend line and the failure of the stock to breach the level of $ 45.14 during the trading yesterday, while it succeeded in breaking the level of 43.84 without confirmation.

Intel Daily Technical Analysis | 6 December 2017

It is worth noting that the simple, fast moving crosses negatively with the slow moving average, which supports the US electronic hardware stocks.
Momentum The rate of change is trading in a bearish direction on the hourly interval and below the zero level.
It is expected that, as long as the American stock is trading below $ 43.84, the stock may target 41.27 on the other side, if the breach of 45.14 might target 46.41 areas.
Support: 43.84 - 41.05 - 39.02
Resistance: 45.14, 47.17, 48.04
Trend: Down


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