June 11, 2014
Intel recently reached 28.00, which is the first of the two buy targets that were set in our earlier report for this company (28.00 and 28.50). Intel has been rising sharply in the last few trading weeks inside the 5th intermediate impulse wave (5) from the middle of May.
This intermediate impulse was accelerated when Intel broke the daily down channel which has enclosed the preceding intermediate ABC correction (4). Intel is expected to rise to the next buy targets at 28.50 and 29.00 (standing above the cluster of resistance trendlines belonging to two up channels from February and last August).
The post HY MARKES News: Stocks Report:Intel Corporation appeared first on | HY Markets Official blog.
