Technician

Watch this Level: Intel Weekly

NASDAQ:INTC   INTEL CORP
757 4 11
The next potential key long term and MAJOR support area to watch for Intel             . watch for a reversal or a breakout.
Note: A breakout below that support could signal a major trend reversal.

Regards;
Technician
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I heard Intel made USB stick size PC. just plug-in to any monitor PC, your PC can be right there. It was a WOW moment. But demand for that PC??? I'm not sure when smart phone is a new substitute for PC...
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27.03.15 candle had a rejection at breaking trading above both 200 and 50 MA's. But no matter, at this moment in time it's very hard to trade this in its current condition.

I will only take the short trade outcome though. I won't long off these levels in accordance with my trading rules.
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Above 32, Intel can be bullish again, otherwise, it is down the road . The question is always with regard to US market, what will fuel the market. Because there is an expectation for 3Q15 concerning the next move of FED and more the economy is recovering, more expensive the cheap money of today will be. So let's see
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The biais looks extremely bearish ! Has Everybody got his Personal Computer ?
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