Intel (INTC) view June 22, 2015

Our last post from May on INTC shares stating “Sell the rallies up to $34.50. Bearish flag breakdown would confirm the short positions” was spot-on. $31 is the next downside target. Breaking below $29 will signal a dangerous head & shoulders formation.

INTC (1 year)

intc

Chart from http://stockcharts.com

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