BullBear Trading: Stock and Financial Market Technical Analysis

Shares of Intel Corp (INTC) continue to collapse lower. Now down over 15% from recent highs, the stock shows no sign of bottoming. Based on pure technical chart analysis, the likely target for a buy is $47.45, the daily 200 moving average. This is where most swing traders will buy, expecting a quick, sharp bounce. Upside bounce target is $50.25 within days.

Gareth Soloway


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