Intel Corp "Decade Long" Channel at Support

Currently at Support of a Decade Long Upward Channel

As long as the WEEKLY candlestick chart closes WITHIN the channel I will consider my setup VALID.

I will consider this setup INVALIDATED, IF weekly candle closes BELOW the channel support.

Side Notes to consider: All lower timeframes ranging from 1hr to 3day are heavily OVERSOLD.

Comment:

Here's a link of INTEL's 5D chart at the close. Notice how price traded through support; however, buyers stepped in and brought price back into the channel before the weekly close.
The 5D printed a Doji INSIDE the channel. This gives us optimism that trade is still active and intact. Will continue to hold down here for the potential run up until further notice. Cheers!

Comment:

2 more days until 5day close (keep in mind anything can happen).
with that said, buyers have stepped in here at support printing a nice reversal candle. INTC looking good so far and going as planned.

Comment:

$INTC Intel discloses initiation of $10 bln accelerated share repurchase agreements

Comment: