Killy_Mel

DOW JONES OVERVIEW: INTEL RESTORES TRENDS

Long
NASDAQ:INTC   Intel Corporation
Intel is restoring its long term uptrends.

Recently the price broke above 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean.

The breakout is aligned with a break of 1-year downtrend (price broke above the lower 1-st standard deviation from 1-year mean)

If the upwards impulse continues, price will also likely to revert up to the 1-year mean, which is above 5-year uptrend border,marked by the upper 1st standard deviation from 5-year mean.

Which will in turn restore the 2nd long term uptrend (5-year), returning Intel into long term appreciation mode
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