KrunchieKilleen

Intel spikey up-trend promises quick reward

Panjang
NASDAQ:INTC   Intel Corporation
1
Publication of Q4 results on 15 Jan prompted a spike of 2%, on Intel's downswing. This was followed by two more spikes. The downswing is at or near its end, and it should rebound strongly off the bottom line (unless a correction in the Nasdaq gets under way and brings down everything). An upswing of nearly 10% is to be expected, spread out over a week or so. Entry point $36 to $36.70; exit at $39 or $40, a profit range of from 5% to 11%, depending on exact entry and exit points.

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