INTC July 24, 2016

INTC: Looks ready to breakout.  The blue and yellow lines on this monthly show symmetry based targets ($62ish or $58ish; respectively). If the breakout materializes (close above $38) then the interim target is $45.

intc

The weekly chart shows the more recent price action and we can count 5 waves up from the August low to December 2015 high for wave (yellow) I/A. From the February low (yellow II/B) the 1.382 to 1.618x extensions target $42-$45; right in line with the aforementioned interim target.

intc WEEKLY