Intel ST: short term rebound towards 50.8

Trading Central 2020-11-20 03:56:06

42.4 is our pivot point.

Our preference: short term rebound towards 50.8.

Alternative scenario: the downside breakout of 42.4 would call for 39.5 and 37.8.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day MA (45.32) but under its 50 day MA (48.93).

Supports and resistances:

54.3 **

52.6 *

50.8 **

49

45.43 (USD-last)

43.5

42.4 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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