Intel may fall to 18.40 - 19.20

Our pivot point stands at 23.5.

Our preference

Target 19.2.

Alternative scenario

Above 23.5, look for 24.9 and 25.7.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (22.9) but above its 50 day moving average (21.5118).

Supports and resistances

25.7 **

24.9 *

23.5 **

23

21.98 (USD-last)

20

19.2 **

18.4 *

17.6 **

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