It's fashionable these days to pounce on Intel with downgrades, but the chart now says buy. Bullish divergence on the daily RSI with a huge gap above that is bound to get some play one day. We have a series of bear flags, but a trade above 21.50 negates them. Conservative traders wait for a break above that. Risk reward now favors upside on this stock, target 23.75.
This entry was posted
on Wednesday, February 22, 2006 at 2:32 PM.
