INTC, daily
Summary
A red hollow candle is usually a pretty good sign of a floor. From a pure price perspective, Intel is looking like it may have floored today. Clearly, the big money will have stops at today's low of 26.75. Down side to the channel line is around 26.25. If that fails - in a major market snap through sp'1340..immediate target would be 25.50.
From a MACD (blue bar histogram) cycle perspective, Intel is day'5 down, it could certainly see a further 2 or 3 days lower.
