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raze61a9

INTC - Rising Wedge

Short
Intel Corporation (NASDAQ:INTC)  
raze61a9 Updated   
NASDAQ:INTC   Intel Corporation
Chart Patterns Trend Analysis
2
2
chartpattern trendanalysis
INTC is still in a Rising Wedge that is nearing it's end.
There is Bearish Divergence on the MACD
Fully expecting this one to fall out and test support around the 51.50 area.
Comment:
Currently still pushing towards the apex of the wedge.
Comment:
INTC held out pretty well today. I expect this to drop this week.
Order cancelled:
called this one wrong, INTC broke it's rising wedge to the upside
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