Intel may rise to 26.20 - 27.40

Our pivot point is at 20.5.

Our preference

The upside prevails as long as 20.5 is support.

Alternative scenario

The downside breakout of 20.5 would call for 18.5 and 17.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 21.814 and 21.6476).

Supports and resistances

28.6 **

27.4 *

26.2 **

25

22.38 (USD-last)

21.3

20.5 **

18.5 *

17.4 **

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