Intel has been doing slightly higher lows and was making a higher high just to pullback deep again and consolidate there while finding support on the 4/1 gannfan line ($48.94) -Very soon intel should retest the near 200 sma line levels at around $54.53 levels which would be the middle line of the trend channel of gannfan but it could also consolidate around 2/1...
I'm looking at initiating a long on $INTC. Currently oversold and seen rejection from the 200MA which is also a weekly resistance level.
I'll look to buy above last weeks close with stop at $33.
TP at $40.