The technical analysis of shares of Intel

  Shares

Intel (INTC.O) in the current month to fully work out our technical scenario of motion. As expected, the price rose to a sustainable long-term level of $ 19 and stuck by his side, in an attempt to test the bottom first, and then the top. Judging by the long-term timetable, the next resistance level could be $ 20, and in the longer term, we do not rule out raising the price to $ 25.

 

Source - Reuters

On the daily chart since our previous observations formed the figure of the continuation of trends flag, which reflected a pause inthe upward movement and prepare for the next phase of growth. Here we see that the price is more than a week is moving along the midline of the accuracy of the Fibonacci fan, which seems to us, will serve as a support in the near future. In the most pessimistic scenario, its breakthrough could lead to a downward correction to the blue dotted line (to the level of $ 18,5).

Source - Reuters

Technical indicators are generally confirm our expectations upside: the moving averages are close to the intersection in the bull side, stochastic lines are outside the overbought zone and quickly located above the slow, RSI is also far from overbought and MACD continues to move above the zero mark. Status indicators directional system reflecting increased bullish trend - lines /-DM diverge, ADX increases and runs above /-DM.

Source - Reuters

In summary, we have no substantial reason to alter our positive expectations for technology stocks Intel for the current quarter, so expect the growth potential in the coming weeks about 5%, and for the next quarter - up to 25%.

 

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