Intel inches up - Analysis - 19-08-2019

Intel's stock rose in the intraday levels amid positive signals from the RSI, with the dominance of the downward trend in the medium term, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 45.52, with a chance of piercing the resistance of 48.44. 

Expected trend for today: Bullish