INTC Intel could break out to 200sma any moment
Intel has been doing slightly higher lows and was making a higher high just to pullback deep again and consolidate there while finding support on the 4/1 gannfan line ($48.94) -Very soon intel should retest the near 200 sma line levels at around $54.53 levels which would be the middle line of the trend channel of gannfan but it could also consolidate around 2/1 and 3/1 gannfan lines for a while until it does this. The pullback overall found support at 0.236 levels so the next move will unlikely go above $54.53 levels which is 1.272fib level right away. For intel to turn into an uptrend it has to pullback after going to those fib levels first and then break 200sma retest it and continue its uptrend from there and that will take a while
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