Intel may rise to 38.20 - 39.20

Our pivot point stands at 32.

Our preference

The upside prevails as long as 32 is support.

Alternative scenario

Below 32, expect 30.4 and 29.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 31.5255 and 31.0684).

Supports and resistances

40.2 **

39.2 *

38.2 **

37.2

33.5 (USD-last)

32.7

32 **

30.4 *

29.4 **

Number of asterisks represents the strength of support and resistance levels.