INTEL SHORT ON 231020 TARGETS $39

Intel is now under immense pressure targeting $43.33 then $38.96.

Short signals on both the ST 4hr and daily chart points to $43.33 and the short signal issued since the 24th of feb this year on he weekly charts points to further weakness LT towards the supertrend target of the monthly charts at $38.96.

The LT uptrend on the monthly chart where the long signal was issued in 2012 is 8 years in up cycle and seems to be weakening with all the ST/MT indicators flashing a sell. Buyers beware. Profit taking is advised.