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A quick move expected on Intel Corporation as it starts approaching a resistance line of a Triangle

Intel Corporation is heading towards the resistance line of a Triangle and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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NAS100 has broken through support of a Pennant. It has touched this line at least twice in the last 7 days.

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