Intel - Is this for real?

INTC created a top formation and is dropping hashly ever since - be careful!



Click image above to see detailed analysis

Catching falling knifes will go wrong 9 out of 10 times and you will cut yourself very badly. Just in a couple of months, Intel is down about -65% and is not slowing down at all. This honestly seems like the possibility of bankruptcy is not that far away and investors and trader should be extra careful. We have support coming soon, but the question is: will it stabilize price?

Levels to watch: $18

Keep your long term vision,
Philip - BasicTrading