INTEL Corp WEEKLY (21) CHART TECHNICAL ANALYSIS
The Intel (INTC) weekly chart shows the following signs:
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen and gave a bullish signal. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28,32. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target.
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen and gave a bullish signal. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28,32. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target.
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