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Intel Takes a Hit By Broadcom Takeover Rumours

After the Wall St. Journal broke the news that Intel could be putting in a bid for Broadcom has reduced the immediate prospects of Intel as it would swallow up a good chunk of capital.

Intel has shown a low of 50.46 at time of writing.

On the 4hr charts it has now broken the upward trend and could bounce once again off the main pivot point, as still showing over bought signals on the Stochtastics.

We currently have an order at 50.8 and a take profit of 53.

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GoldmanSachs Ready To Shine

This is one of my shorter time scale predictions heading into the earnings reports coming up. With all the volatility we have managed to open a couple of more postions during the beginning of the week

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