Intel attacks current resistance - Analysis - 13-09-2019

Intel's stock bounced higher after attacking the resistance of 53.17, representing the ratio 61.8% of Fibonacci retracement levels, amid positive support from the 50-day SMA, while the RSI reached overbought levels. 

Therefore we expect more gains for the stock, provided the resistance of 53.17 was breached, targeting the next one at 55.59. 

Expected trend for today: Bullish