Conclusion:
Intel (INTC) was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: 20.98, 21.18, 21.50, 21.60, 21.61, 21.76, 22.02, 22.86, 23.64, 24.21, 25.12, 25.83, 25.85, 26.83, 27.14, 30.68, 31.05, 31.14, 31.59, 31.63, 31.68, 57.16.
Support Levels: 20.16, 20.05, 19.81, 19.77, 17.88,.