Green – Favoured Zone
Yellow – Neutral Zone
Red – Out of Favour Zone
INTEL CORP (INTC) Nasdaq – Intel (INTC) has dropped down into the unfavored zone of the SIA S&P100 Report and is showing short term weakness across all asset classes. The first support level is found at $21.64 corresponding with the upward trend line. Below that Is further support is at $20. Resistance above is found at $25.36 and $27.45.
Currently in the 94th spot in the SIA S&P 100 Report, Intel (INTC) has fallen over 10% since we last looked at it 2 months ago, and has no mi fallen almost 16% since it fell into the Unfavored zone. Support is now at $19.74 and again at $18.24. Resistance is at $22.68 and again above that at $24.55.
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