Intel shares moving ahead the next resistance- analysis - 26-05-2016

Intel shares ended Wednesday trades Higher by  (0.33) point or (1.06%)from the previous closure to trade back within the support zone between 30.00 and 29.50 levels, comes after holding below 31.60 level to fall facing 29.50 support, to rebound again passing 30.00.

Generally; passing the support zone pushed the price to rise reaching 31.60 resistance, as the stability of this resistance might push the price down to retest the nearest supports.

Its recommended to get out of the current bullish positions and wait for the price new signals