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Frank started market timing in 1982 when the Federal Reserve cut interest rates and sparked the 1980’s bull rally. Realizing that this rally could have been forecasted, he began to search for indicators which had similar forecasting ability. Within a year, his first newsletter was launched,... More
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  • Bullish Reversal for Intel Corp (NASDAQ: INTC)  0 comments
    Nov 3, 2011 3:45 PM | about stocks: INTC

    November 4, 2011

    Shares of Intel Corp (NASDAQ: INTC) rallied on Thursday, November 3 and posted a bullish reversal day.

    Intel Corp is a semiconductor chip maker, which develops advanced integrated digital technology products, mainly integrated circuits, for industries such as computing and communications. It is a bell weather in the semiconductor sector.

    Intel reached a new intra-day low at 23.28, below the low of the previous trading day, and then reversed and rallied into the close, reaching a higher high than the previous trading day and closing near that high.

    This is a bullish outside reversal day and such days are usually followed by higher highs over the coming days if not weeks.

    Support is at $23.28 a share. Resistance is the prior closing rally high at 25.13.

    The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does hold a position in Intel.

     

    Stocks: INTC
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