INTC Intel Daily Chart

INTC Intel showing the dead money move between 17.5 and 22 for the last two years. Chart is rolling over from Fall 2010 to now. The best Intel bulls can hope for is price sliding across the 200 MA, meandering above and below 20. The indicaotrs are favorable to sideways action in the weeks and months ahead. In the near term, a gap was just filled at 20.50.

Watch for a potential two-leg bear flag with first leg 22.25 to 19.75, a difference of 2.50, and now the sideways to sideways up consolidation zone, then say, the second leg starts at 20.50, so that will target 18, or that key area of support at 17.5-18.0. Thus sideways to sideways down moving forward into summer time, 19-ish in the near term, then a move across the 18-21 area as the year continues along. Probably continued dead money. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.