Intel ST: short term rebound towards 51.2

Trading Central 2020-11-22 21:11:05

Our pivot point stands at 43.

Our preference: short term rebound towards 51.2.

Alternative scenario: the downside breakout of 43 would call for 40 and 38.3.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day MA (45.2) but under its 50 day MA (48.86).

Supports and resistances:

54.8 **

53 *

51.2 **

49.5

45.39 (USD-last)

44.2

43 **

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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