KrunchieKilleen

INTEL: Downslip of Spike stalls, but ...

Short
NASDAQ:INTC   Intel Corporation
0
On Friday, the downslip from the top of the Quarterly Report spike stalled. First impression is that the new extra-high share-price will be maintained. However, further inspection of the chart reminds us that the Spile brought the price thundering through the 5-year Resistance Line - the very top of its expected range, having been increasing at an accelerated pace since last May. Though my confidence is somewhat shaken that the downslip will continue, I remain of the opinion that it will go down to about $33. When the general market correction occurs, I expect it to fall considerably further, but have no idea when this will happen.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.