Trading Ideas for Intel Corp. (NASDAQ) 05.03.2020

The US stock market reacted positively to the Fed's decision to lower the interest rate by 0.5%. The US IT sector proved to be the most resistant to Covid-19.

The general trend is upward. Support level 53.70 is holding back bears. A breakthrough of 59.00 will result in the formation of an ascending pattern 1-2-3.

Trading recommendatoins:

Buy above 59.00.

Stop loss: 53.70.

Target levels: 62.70; 67.60.