Intel may rise to 33.50 - 34.30

29.4 is our pivot point.

Our preference

Short term rebound towards 33.5.

Alternative scenario

The downside breakout of 29.4 would call for 28.1 and 27.3.

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 share stands below its 20 and 50 day moving average (respectively at 30.622 and 31.9272).

Supports and resistances

35.2 **

34.3 *

33.5 **

32.7

30.62 (USD-last)

29.9

29.4 **

28.1 *

27.3 **

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