Intel recently reversed from the support zone surrounding the support level 26.00. This support zone was strengthened by 50% Fibonacci Correction of the preceding sharp upward impulse wave from the middle of March, the lower daily Bollinger Band and the upward-sloping support trendline of the daily up channel from February.
Intel is expected to rise further to the next buy target 27.00 (which created the top of the previous waves (A) and 1) – followed by 27.50. Buy stop-loss can be placed below the support level 26.00.
Intel recently reversed from the support zone surrounding the support level 26.00. This support zone was strengthened by 50% Fibonacci Correction of the preceding sharp upward impulse wave from the middle of March, the lower daily Bollinger Band and the upward-sloping support trendline of the daily up channel from February.
Intel is expected to rise further to the next buy target 27.00 (which created the top of the previous waves (A) and 1) – followed by 27.50. Buy stop-loss can be placed below the support level 26.00.
The post HY MARKETS News: Stocks Report: Intel Corporation appeared first on | HY Markets Official blog.
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