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Intel drawn a bullish three white soldiers candlestick figure..

Apr. 07, 2011 6:27 PM ETINTC
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Seeking Alpha Analyst Since 2010

I´m an individual investor that´s writting a blog for Spanish readers about North-American Markets to share information and investment ideas in the other side of wide Atlantic. Improving knowledge about North American markets to Spanish investors will help to improve confidence to make global markets more liquid.. Regards.

Charts courtesy of http://stockcharts.com/freecharts/

Good evening:
Intel it could be building a nice bottom for going Long in the long term. Today drawn the last candle to form a nice Three white soldiers candle figure, this is a bullish one.
We can see a double bottom on RSI oscillator & Macd, with a nice O.B.Volume in accumulation mode. Technical speaking a good entry point. Reward-risk equation is favorable to Longs this time, dividend Ex-date is near...
and it seems that glut on semis is vanish with last Japan´s Quake, ´cause disruption on silicon wafers in Japan industry, that could lead to high price in processors market.
Have a nice day.

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