Intel Corporation
Long

Intel Corp Oversold

822
There are a couple of signals that is pointing towards a potential rebound from Intel
  • severely oversold
  • hammer seen last Friday
  • hammer also corresponds to an immediate support line seen at approximately $48.


We have got to watch the support line of $48 very closely. But if all goes well, we should be seeing a short term rebound potentially to $56 which is prior support turned resistance.

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