DLavrov
Long

INTEL - The Strong Support and New Buy Opportunity

NASDAQ:INTC   INTEL CORP
The market made a huge gap and it helped the price to reach a support zone . This zone is between SMA100 and SMA200. It also includes 50.00 support level . The price reversal from this zone will be able to give a possible buy opportunity.

RSI line is at the oversold zone and it will be able to give us a good confirmation for the price reversal. MACD histogram also will be able to support an upward movement as soon as we will get several bullish candles.

If the price drops below SMA200, the trading ideas based on the reversal from the support zone should be changed into a new one.
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