Trading Ichimoku » INTC http://tradingichimoku.com technical analysis at a glance Thu, 02 Feb 2012 03:59:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Intel Corp (INTC) : Bearish Crosshttp://tradingichimoku.com/2009/10/05/intel-corp-intc-bearish-cross/ http://tradingichimoku.com/2009/10/05/intel-corp-intc-bearish-cross/#comments Mon, 05 Oct 2009 11:04:47 +0000 iam802 http://tradingichimoku.com/?p=751 Last Thursday, Intel had a bearish cross, with Tenkan sen cutting Kijun sen on the Ichimoku Daily Chart.

On Friday close, it seems to be resisting the move downwards. This is further seen on the Weekly Chart.

On the Ichimoku Weekly Chart, we can see that there is strong  support from the kumo at around 18.60 for Intel.

With such a thick kumo support, it is still not a good indication to short it. I see possibility of a range bound play here.

2009Oct-Intel Corp-800x6002009Sep-Intel Corp-800x600_Weekly

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