Tuesday, 21 July 2015

INTC - tech train wreck

Whilst the main market settled moderately lower, there was notable weakness in Intel (INTC), which closed -1.3% @ $28.71. The giant H/S formation is highly suggestive of continued weakness to around $22.50.

INTC, daily

INTC, weekly


Suffice to add... complete break of support.... headed lower.... much lower.