vlad.adrian

Intel - Double bottom at previous high

Long
NASDAQ:INTC   Intel Corporation
4
Intel surged on Friday due to talks about taking over Altera Corp. The daily chart is overbought so I would wait for a correction.

The weekly chart shows a double bottom at the previous high. Force Index is going back into the channel and the impulse is blue. Not too much to say about this chart, it is simply bullish!
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