INTC- Sell strategyThe share has had 4-bottoms so far on weekly chart.
We are within a large triangle formation, and likely in this case, feel this may be a major move south medium-term.
The short-term picture is slightly positive and support $ 48.00 s the key to a move back $ 54-55 resistance area. the stochastic is positive.
I had a look at Ichimoku cloud, we are trading below a dark cloud.
Short-term strategy is buy $ 50-51 for small move upwards, but prefer medium-term short.
For medium-term players sell in rally $ 54-55 and stop-loss $ 63. I expect medium term low $ 40-38.
