Intel may rise to 35.80 - 37.00

Our pivot point stands at 30.

Our preference

Short term rebound towards 35.8.

Alternative scenario

The downside breakout of 30 would call for 28 and 26.8.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (31.6035) but under its 50 day moving average (37.001).

Supports and resistances

38.3 **

37 *

35.8 **

34.6

31.83 (USD-last)

30.8

30 **

28 *

26.8 **

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