Intel recently reversed up twice from the support level 26.00. The support zone near this support level (highlighted on the daily Intel chart below) was strengthened by 38.2% Fibonacci Correction of the preceding sharp upward price impulse from the middle of March and the lower daily Bollinger Band.
Intel is expected to rise further in the currently active minor impulse wave 3 toward the next buy target 27.00 (the resistance level which earlier created the top of the intermediate wave (A) in January and the top of the recent minor impulse 1 in April).
Intel recently reversed up twice from the support level 26.00. The support zone near this support level (highlighted on the daily Intel chart below) was strengthened by 38.2% Fibonacci Correction of the preceding sharp upward price impulse from the middle of March and the lower daily Bollinger Band.
Intel is expected to rise further in the currently active minor impulse wave 3 toward the next buy target 27.00 (the resistance level which earlier created the top of the intermediate wave (A) in January and the top of the recent minor impulse 1 in April).
The post HY MARKETS News : Stocks Report:Intel Corporation appeared first on | HY Markets Official blog.
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