Is INTC Ending its Dec-Feb Correction?
My pattern work triggered preliminary signals last week that Intel Corporation (INTC) has ended its correction off of the 37.90 high into the 32.65/67 area, and is preparing to lift off into another upleg-- to new 15-year highs projected eventually into the 43.00-45.00 target zone.
At this juncture, only a decline that breaks and sustains beneath 32.00 will begin to compromise the timing of the expected next upleg.