The chart is a 3 box reversal Point and Figure chart.
The chart is based on daily high and daily low prices.
The chart is a 2% logrithmic chart, ie each chart box represents
a price change of 2% of the value of the box above or below it.
Four possible support prices and five possible resistance prices
are shown, as well as the support/resistance lines.
A 'resistance' or 'support' point is a price where an issue's upward
or downward price movement may 'stall'. The ultimate result of the 'stall'
may be either a continuation or a reversal of price movement, depending
on whether there are more or less sellers than buyers at the specific price
INTC is trading within an overall bullish trading channel. But INTC
recently broke through the bullish support line but only by one ('O') and
has not given a sell signal, so the break down of the overall bullish trading
channel is not confirmed yet. INTC is currently in a downtrend column ('O').
Support may be seen at points S1, through S4. If the current downtrend
column ('O') reverses into an uptrend column ('X') then resistance may
be seen at points R1 thru R5.