Intel may rise to 34.50 - 35.60

Our pivot point stands at 28.7.

Our preference

Short term rebound towards 34.5.

Alternative scenario

The downside breakout of 28.7 would call for 26.8 and 25.6.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 30.8975 and 35.7206).

Supports and resistances

36.8 **

35.6 *

34.5 **

33.3

30.72 (USD-last)

29.4

28.7 **

26.8 *

25.6 **

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