Intel ST : as long as 22.88 is support look for 28.94

Our pivot point is at 22.88.

Our preference: as long as 22.88 is support look for 28.94

Alternative scenario: below 22.88, expect 20.88 and 19.69.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 24.47 and 23.01).

Supports and resistances:

31.40 **

30.17 *

28.94 **

27.72

24.90 USD - last

23.67

22.88 **