April 22, 2011

INTEL Chart analysis

  • In weekly chart price is moving towards the resistance line which is between 22 and 23.
  • Stochastic indicator has just turned up from oversold level, If resistance line gets broken we can see further upsides for the stock.
  • Daily time frame shows a gap in chart which is negative for the bulls. But price is above 50 and 200 day moving averages Sustaining above this important for the bulls.
  • THREE REASONS TO GO LONG IN CISCO

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