Intel shares closed Thursday’s trading higher by (0.87 point) or (2.72 %) of the previous closure rebounding from the support level 30.55 and reaching again 32.75 level, comes after it rose during the previous trades after facing the levels represented by 31.60 level with the SMAs 50 and 100 to pass 32.75 level during the current trades, comes after holding below 31.60 level to fall facing 29.50 support, to rebound again facing 32.75 resistance.

Generally; rebounding from the support zone pushed the price to rise reaching 32.75 resistance, as the price failed to hold above this level during the previous trades to fall again passing 31.60 support and reaching 30.55 before it rebounds to trade once again above 31.60 level and to face 32.75 resistance

The continuation of the current bullish movement requires the stability above 32.75 resistance to target after 33.90 resistance, but the stability of the current resistance may push the price to retest again 31.60 support.