INTC - falling with the main market

With the main equity market seeing a second significant decline in three trading days, Intel (INTC) settled lower by a rather strong -3.1% @ $31.71. Despite the declines, the broader trend remains powerfully bullish, after a key upside break last summer. First key upside target is $40... then the giant $50.


INTC, monthly

INTC, daily

Summary

Little to add.

Intel remains one of my top three tech stocks... unquestionably sound across the longer term... and headed broadly higher.

If you agree that a monthly Nasdaq Comp' close in the 5200s is likely at some point this spring/summer... then it is not overly bold to be seeking INTC in the $40s... which is some 35% or so higher.
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