Trading ideas for Intel Corp. (NASDAQ) 14.11.2019

The positive sentiment in the stock market is fading. Investors initially believed that the US-China trade war was over, but Donald Trump indicated the contrary at New York Economic Club. 

Intel shares tested April’s maximum in the range of 59 dollars. The support level of 57.38 holds back sellers. A bearish divergence has been formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator have left the overbought zone and are directed downwards. Breaking through the support level 57.38, will result in the formation of a descending pattern 123.

Trading recommendations:

Sell Below 57.38.

A Stop Loss of 58.77.

Target levels - 55.60; 53.31.