Trading ideas for Intel Corp. (NASDAQ) 20.03.2020

The Fed has introduced a number of measures to support the US economy, including QE. At the same time, the stock market is still at very low levels.

Intel stock stopped falling. The support level of 43.00 is still not breached. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy above the resistance level of 48.80.

Stop Loss: 43.00.

Target levels: 53.36; 59.00.