Intel may rise to 34.70 - 35.50

Our pivot point stands at 30.3.

Our preference

Our next up target stands at 34.7.

Alternative scenario

Below 30.3, expect 29 and 28.2.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is above its 20 and 50 day moving average (respectively at 30.8275 and 30.9864). Finally, Intel has crossed above its upper daily Bollinger band (31.56).

Supports and resistances

36.3 **

35.5 *

34.7 **

33.9

32.02 (USD-last)

30.8

30.3 **

29 *

28.2 **

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