$INTC Intel Corp to Drop In Price

With the recent blow to the companies reputation I would assume we see a good dip!

BUT lets take a look at the technical analysis.

We have been rejected at the current price 4 times now on the hour chart.

The daily chart appears to be seeing a bearish divergence as well.

money flow is not looking good.

I would assume this would play out as a sharp dip to 48.00 range or a slow decline through late Feb.

Let me know what you think!