INTC

Well-known INTEL CORP, #INTC. I will present my technical vision of this paper. It has an already formed two-year classic H&S (see bottom red circle). The paper performs all the patterns well, I was wearing Intel shorts from the price of 57, I entered there using the previously formed small classical H&S (see the upper right yellow circle). This means that this large 2-year H&S will also be executed with a high probability. The target of the fall is $ 32, which is minus 27% of the neckline and minus 33% of the current price level. What is happening with Intel now is a retest of the neck level of the large H&S, all this is displayed in an expanding yellow triangle. Such a retest is another confirmation that the neck line really exists. There is a clear downtrend (white line), the paper cannot overcome it and break out to the top. For this to happen, all Intel competitors probably must simultaneously declare their bankruptcy). This technical picture excludes any investment in this asset.