The positive mood in the stock markets is fading. Investors believed that the issue of the US-China trade war is over, but recent events suggest otherwise.
Intel shares tested the April maximum in the range of 59 dollars. The support level of 57.38 holds back sellers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator moving averages have left the overbought zone and are directed downwards.
Trading recommendations:
Sell Below 57.38.
A Stop Loss of 58.80.
Target levels: 55.60; 53.31.