Wednesday, 2 September 2015

INTC - rising with the market

With the broader market closing significantly higher, Intel (INTC) was similarly on the rise, settling +2.8% @ $28.60.  Near term outlook is for further upside to the $30 threshold. However, if the main market sees renewed downside into Oct', primary target remains the $22s.

INTC, daily

INTC, weekly


Little to add.

INTC remains one of my favourite tech stocks, and it has been a rather remarkable stock to follow since mid May. The H/S formation has already almost fully played out... but $22s remain the ideal target for October.

*I would consider going long-INTC in the $23/21 zone in Oct/Nov.