On the 1h chart INTC can be seen forming an inverse Head and Shoulders Pattern, or even a Double Bottom pattern. This is a very bullish sign, with the MACD transitioning into the green. If Intel successfully breaks the 63.57 line, it could go long having price targets of:
$66.30 - $67.80 - $70.00
In my opinion this looks like a very safe bull play on INTC. Always remember to buy the dip, thanks for viewing!
$66.30 - $67.80 - $70.00
In my opinion this looks like a very safe bull play on INTC. Always remember to buy the dip, thanks for viewing!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.