Intel starts recovering - Analysis - 01-12-2022

Intel's stock (INTC) surged in the last session, while buoyed by piercing the downward short-term trend line, as it trades above the 50-day SMA, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the first resistance of 31.86, provided it settles above 29.22. 

Expected trend for today: Bullish