MarkWM
Long

Falling wedge + critical fib retracement level, hope for bounce

NASDAQ:INTC   INTEL CORPORATION - COMMON STOCK
Both in the chart and in the RSI we've got a falling wedge which are now both leaning on an old resistance level , so it should be a firm support right now. Also, a critical fibonacci level is reached in the fourth elliot wave (which i haven't drawn down because it would become a messy chart). I'm hoping for a bounce to the .618 fibonacci extension - starting today. If it falls below support, i will close the last 20% of the position that i'm still holding.
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