Slothie

The other side of consolidation

NASDAQ:INTC   Intel Corporation
This stock is in a consolidation. The support is at 25 and the resistance is at 31,5. Be on the lookout for the breakout as it can happen within the next weeks. Personally, I doubt it will breakout to the downside as I see numerous bounces from the 25 area, which proves to be a strong one on that. If this thin were to go above 31,5; I believe it will reach 38. This movement will be taking quite a bit of time unless some news or good earnings will cause it.

Penafian

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