Our pivot point stands at 54.1.

Our preference: the upside prevails as long as 54.1 is support.

Alternative scenario: the downside breakout of 54.1 would call for 50.4 and 48.3.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 49.9025 and 48.3705). Finally, Intel is trading above its upper Bollinger band (standing at 55.28).

Supports and resistances:

71.6 **

69.3 *

67.1 **

64.8

56.95 (USD-last)

55.5

54.1 **