Amid epy general market fall, the Intel stocks yesterday were declining during the trading session to 49.85 where the uptrend goes through from the annual minimum of 47.83. The price reversed, and the daily candlestick formed a hammer, the signal of a trend reversal.
The annual report, which will be published on 26 January, can provide additional support to stocks.
The target of growth will be the preceding local maximum of 56.2.
If the pressure of negative market background keeps up, the price can again test the uptrend at 49.85-49.9.