Intel (INTC) recorded a 52-week low in mid November and bounced with the rest of the market over the next two months. This bounce abruptly ended with a gap down to the mid November trend line. With a feeble rise the last few weeks, Intel formed a bear flag and a break below flag support would signal a continuation lower. Notice that Aroon already crossed bearish and this could foreshadow a test of the mid November low.
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