(Finance) – Lively session today for Intelprotagonist of an upward extension, with an increase of 1.99%.
According to the Wall Street Journal, the chip giant is in advanced talks for a transaction in which Apollo Global Management would provide more than $11 billion to build a manufacturing plant in Ireland.
The weekly analysis of the stock compared to FTSE MIB shows a lag behind the index in terms of the relative strength of the leading chip manufacturerwhich performs worse than the reference market.
The medium-term situation of Intel remains bearish. However, examining the short-term chart, it would be reasonable to begin to doubt the possibility of the bearish phase extending. An upward improvement in the curve is therefore expected which encounters the first obstacle at 29.12 Euros. Support seen at 27.98. Further bullish cues favor a new target estimated probably in the 30.25 area.