A massive topping pattern in Intel

21 ביולי 2015

The stock has been a laggard this year, dropping as much as 19,81% YTD. A massive Head&Shoulders pattern combined with sound wave analysis picture suggests more selling pressure is coming. On the fundamental side, the Fed's intention to hike rates this year makes the dollar more appealing, which has already been hammering profits at U.S. multinationals.

Stop-loss is a daily close above 30.77.