Intel may rise to 34.30 - 35.50

Our pivot point stands at 28.7.

Our preference

Short term rebound towards 34.3.

Alternative scenario

Below 28.7, expect 26.7 and 25.6.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 30.8545 and 33.5668).

Supports and resistances

36.7 **

35.5 *

34.3 **

33.2

30.74 (USD-last)

29.4

28.7 **

26.7 *

25.6 **

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