There are a couple of signals that is pointing towards a potential rebound from Intel
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.
- 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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