Replies to post #223314 on InterDigital Inc (IDCC)

[plumear]

In this 10 year monthly chart, you can see that the green lines represent an uptrend channel within a larger, longer term trend. If the DOW rallys from here, I could see it reaching the longer trend line. A couple of things that favor a reversal and rally from here is the fact that on the 10 year monthly chart, the DOW is oversold and near reaching another longer term support line. Again, this support line is roughly coinciding with the weekly 200 MA which also should provide support.

10 yr monthly DOW chart:

http://stockcharts.com/h-sc/ui?s=$INDU&p=M&yr=10&mn=6&dy=0&id=p75187622906&a=123075954&listNum=1