INTEL Corp Weekly (22) Chart Technical Analysis

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The Intel ( INTC ) weekly chart shows the following signs:

The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen from $26.31 to $27.32.. The MACD is clearly on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.

I expect that the stock will continue the bullish movement until the first resistance at $28. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target as I showed in last diagramm (Week 21).
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