INTEL(INTC) accumulating for a 10% advance

20 дек. 2013 г.

Important note: Today's low is above the previous "highest low" since the spike high was made back in June. This is a key level as it marks the point where the strongest sellers were "laying in wait" to unload their shares. It appears that INTC has accumulated in the hands of new, strong buyers and the sellers seem to be out of the way. Note the volume down below on this chart to see how the volume has declined in each of the recent declines.

The upside measurement suggests that 27-29 is a decent target in the near term and strong support is just below at 24-23.

Cheers.

Friday, December 20, 2013 12:36PM EST