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Technology Stocks : Intel Corporation (INTC)
INTC 54.33+0.1%Jan 22 3:59 PM EST
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To: dppl who wrote (2107)7/11/1996 5:18:00 AM
From:    of 186894
 
My chart has 2 necklines, at 71 and at 70. The 30-day trend is down.
INTC is approaching its 120-day UpTrend line, and would collide with
it at 72 +/-2 if it went sideways for 5-10 days. Strong support at 70.
If you think that INTC will continue its 120-day uptrend, then this is
a good time to buy more. Even if INTC does nothing, it will confront
its trend by the end of next week; after which time any breakout up
or down will be an unambiguous signal.
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