Intel may rise to 32.90 - 33.70

29.2 is our pivot point.

Our preference

Short term rebound towards 32.9.

Alternative scenario

The downside breakout of 29.2 would call for 27.9 and 27.1.

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 30.794 and 32.383).

Supports and resistances

34.5 **

33.7 *

32.9 **

32.1

30.45 (USD-last)

29.7

29.2 **

27.9 *

27.1 **

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