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Showing posts with label INTC. Show all posts
Showing posts with label INTC. Show all posts

Sunday, September 2, 2012

Elliott Wave Analysis of INTC (INTEL)

INTC is looking bearish atm, with what looks like a clear 3 wave advance from the March 2009 lows, the potential is for a serious decline

Its broke down under 25 (although a small bounce can be seen) the next objective is $19

A move back above $27 negates this idea (red line)

If a 3rd of a 3rd is setting u we should be seeing a strong break lower soon and easily see $21