Shares of Intel Corp., a global giant in the development and sale of electronic devices and computer components, are in the area of 35.00.

On the daily chart, the price is trading in an uptrend and, having rebounded from the support line of the global corridor with dynamic boundaries at 31.00–40.00, is heading upwards.

In the four-hour chart, the prospects for a more rapid development of the current trend have increased significantly, and if the nearest high at 37.00 is overcome, the quotes will continue to move towards the channel resistance line around 40.00. If it consolidates below the local low at 33.00, the instrument is likely to go into a correction.

Technical indicators keep a stable upward signal: the range of EMA fluctuations on the Alligator indicator continues to expand, and the histogram of the AO oscillator is forming new correction bars, being in the purchase area.

Trading tips

Long positions should be opened after the price consolidates above the local resistance of 36.70 with the target of 40.00. Stop-loss — 35.00. Implementation time: 7 days and more.

Short positions can be opened after the reversal and decline of the asset, as well as consolidation of the price below the support level of 33.40 with the target at 30.30 and stop-loss at 35.00.