Intel may rise to 33.90 - 35.10

Our pivot point stands at 28.6.

Our preference

Short term rebound towards 33.9.

Alternative scenario

Below 28.6, expect 26.7 and 25.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 30.8565 and 35.0002).

Supports and resistances

36.2 **

35.1 *

33.9 **

32.8

30.19 (USD-last)

29.3

28.6 **

26.7 *

25.6 **

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