Shares of Intel Corp., a global giant in the development and sale of electronic devices and computer components, are moving within a corrective trend at 33.00.

On the daily chart, the price reversed near the support line of the ascending corridor with dynamic boundaries at 31.00–38.00 and is heading up.

On the four-hour chart, it can be seen that the volatility of trading in the asset has recently increased, as evidenced by multiple price gaps, most of which are directed upwards. The key “bullish” level the local resistance 35.00, after consolidation above which there will be no other obstacles for growth to the resistance level of 38.00.

Technical indicators maintain a stable upward signal, not excluding a correction: the EMA fluctuation range on the Alligator indicator is expanding, and the AO histogram is forming correctional bars, rising in the buying zone.

Trading tips

Long positions may be opened after the price rises and consolidates above 34.50 with the target at 37.00. Stop loss — 33.50. Implementation period: 7 days or more.

Short positions may be opened after the price reverses, falls and consolidates below 32.10 with the target at 29.00 and stop loss 33.00.