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WinnerTrader99

$INTC Possible Bearish pattern with deep falling targets-Short

Short
Intel Corporation (NASDAQ:INTC)  
WinnerTrader99 Updated   
NASDAQ:INTC   Intel Corporation
Trend Analysis Chart Patterns Technical Indicators
3
2
trendanalysis chartpattern indicator
Possible Diamond pattern after long up run is highly negative bearish pattern suggests massive drop or sudden drop to main support . Strong RSI reversal suggested decline during coming weeks. Target to fill up recent gap at 53.5. Negative divergence with MFI . Stochastic still in good positions . Opening lower on Thursday will give better chance for short positions targeting 56.5 then 55.5 . Actually its slow moving stock so choose little long-time options .. good luck - On very large scale its one of best stocks and long investors will be waiting at low levels to increase long positions...
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