Intel shares fell yesterday to a seven-year low of 24.87. The low was updated, but the day-end closing was higher by 1.2%. Probably, such low prices are gradually attracting more and more people who want to bet on a quick upward rebound.
There are many prerequisites for the rise: in addition to updating the lows of 2015, a Doji Star reversal pattern formed, and the RSI fell into the oversold zone again. The obvious target is to close last week's gap at 27.
This content is for informational purposes only and is not intended to be investing advice.
