INTC: looking for a breakout, $70 could be next
Great chart here for INTC - bouncing off nicely from the $60 level and breaking smoothly (and with strong momentum as shown by the UTO) thru the supply/demand "balance line" at $61.5 ..
we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow..
Price projection: this was a measured move of $16 from the low set in late Jan of $54 = a short term target of $70 if that move materializes
let's keep watching this chart ... and see if these projections hold.
we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow..
Price projection: this was a measured move of $16 from the low set in late Jan of $54 = a short term target of $70 if that move materializes
let's keep watching this chart ... and see if these projections hold.
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