Intel gathers positive momentum - Analysis - 12-02-2019

Intel's stock fell 0.14% in the last session, or 0.07 points, with negative signals from the RSI, while buoyed by piercing the downward correctional trend line recently in the short term, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 47.59 holds on, targeting the resistance of 50.60. 

Expected trend for today: Bullish