Intel Corporation Forecast

Intel Corporation Daily
Intel Corporation - Daily

Intel Corporation charts do not show any Wolfe Wave patterns from which we can derive clues about its further movement.With respect to Camarilla Levels too, it is sitting in a neutral zone where much strength in movement is not expected. However, Gann reversal dates are something that must be taken note of very seriously.
18 days from the last change of trend falls on the 6th of September 2012.The stock showed quite some positive movement on the reversal day but the reversal needs to be confirmed in order to be established. With the current trend in view, a confirmation is unlikely which may take the stock further southwards.

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