Intel may rise to 26.50 - 27.80

Our pivot point stands at 20.

Our preference

The upside prevails as long as 20 is support.

Alternative scenario

The downside breakout of 20 would call for 18 and 16.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 21.4635 and 21.9972).

Supports and resistances

29.1 **

27.8 *

26.5 **

25.3

22.26 (USD-last)

20.8

20 **

18 *

16.8 **

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