Intel surrounded with positive signals - Analysis - 19-03-2019

Intel's stock was dominated by the upward trend in the short term after piercing the downward correctional trend line in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, while a positive divergence formed previously in the short term. 

Therefore we expect more gains for the stock, as long as the support of 53.30 holds on, targeting the resistance of 55.79. 

Expected trend for today: Bullish