January 12, 2013

INTEL Weekend update

  • INTEL Daily chart shows price above the daily Ichimoku cloud after a long GAP.
  • Price is also testing 100 Day SMA. Bulls need price to sustain above 100 SMA for the current up move to extend.
  • Weekly chart shows the immediate target line or resistance line for this up move. Weekly MACD Buy signal is looking good for bigger up moves on breaking above the resistance line.

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