Intel recently reached the buy target 31.00 that was set in our earlier technical analysis report for this company. The price has been rising strongly in the last few trading weeks – inside the 5th minor upward impulse wave 5 belonging to the 3rd intermediate impulse wave (3) from February (as you can see on the daily Intel chart below).
Given the strength of the bullish pressure on Intel, the currently active intermediate impulse wave (3) might extend further up toward the next buy target at 32.00. Buy stop-loss can be placed below 31.00.
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