Intel Corporation Stock Code INTC.NAS
Outlook
Price broke above the cloud two day ago and had moved to a high of $52.65 last Friday, which is also the upper range of the gap resistance. Conversion and Base lines are still bullish and had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and inside the cloud at the moment and is unable to give a strong confirmation of the bullish trend at the moment. MACD is bullish and the slow line is about to crossover the zero line, confirming the bullish trend. We think price is likely to move above the gap resistance at $52.65 as the momentum is strong. We see price moving higher to $59.14 in the next couple of weeks.
Strategy
$51.95 Buy
$59.10 Price Target
$48.30 Risk Management Stop
3 weeks Trade Duration
