DevD
Long

INTC

BATS:INTC   INTEL CORP
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INTC bullish MACD divergence. It appears that $23.20ish is forming as new support. Stock indicate oversold conditions.

Wait for price to settle and MACD line cross-over, Stoch > 25 will confirm bullish posture and downtrend reversal.

Don't forget, INTC earnings are 16-Oct, a month from now.

Comments

09-26 Update: Appears it will be down a bit more. The possibility of an even stronger bullish MACD divergence are growing. Will find out in some more days.
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Followed.
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09-18 Update: MACD is flattening, Stoch is right under (near) the 20 level. Bullish MACD divergence is strengthening. Wait for MACD Crossover & Stoch rise above 20 to place buy order. Price target $24.75 to $25.
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