Intel (NASDAQ: INTC): be careful my friend
AS we can see in the figure below, Intel is very close to the down trendline. Today, the price of the stock was below this down trendline, but it closed over it…
However, we will watch out for the chart next days, because if this down trendline is broken, the price of the stock can drop to 22$ or maybe 20$…
A closing below the November 26, 2007 bottom can confirm a double top figure with an objective 20$ drop.
By the way, we can see a possible diamond pattern in the figure… If this pattern is confirmed, we’ll see more drops…
Responsable: José Carlos Estévez
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