Intel dominated by ascending wave - Analysis - 14-06-2019

Intel's stock fell 1.80% in the last session amid the dominance of the upward short-term wave, with positive support from the 50-day SMA, while the RSI reached oversold levels, as the stock gathers momentum to help it rise anew. 

Therefore we expect the stock to rise as long as it settles above 45.99, targeting the resistance of 48.25. 

Expected trend for today: Bullish