INTC wedge in strong uptrend
Market is choppy in 2014 with lack of continuation moves both sides. So, theme of the year is stock specifique approach. I am looking for strong stocks, buying pullbacks and support.
Intel is in strong uptrend since the beginning of 2013 year.
Now, stock is wedging. Support at $26.00 could be our stop.
Next resistance (target is $27.12 double top)
If it will break down $26 where 50 MA lies, then next buyable area could be 200MA and major trend line at $24.50-.75.
Intel is in strong uptrend since the beginning of 2013 year.
Now, stock is wedging. Support at $26.00 could be our stop.
Next resistance (target is $27.12 double top)
If it will break down $26 where 50 MA lies, then next buyable area could be 200MA and major trend line at $24.50-.75.
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