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



Summary

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