Intel has a beautiful curve that has came up to the previous high on a monthly chart as is now playing a nice channel. We are currently sitting on support for this channel and if broken support, then this is probably a double top and expect a correction. Im only looking for a short channel support break. Otherwise I'll scrap and move along. AMD, NVDA, INTC...
There are a couple of signals that is pointing towards a potential rebound from Intel severely oversold hammer seen last Friday hammer also corresponds to an immediate support line seen at approximately $48. We have got to watch the support line of $48 very closely. But if all goes well, we should be seeing a short term rebound potentially to $56 which...
INTC after nice rise become on short consolidation area and failed to breakout first time but now looking good to start another move, I am waiting for confirmation breakout after that gann star trend .
INTC looks like a downtrend will start soon then we hope to stay in the channel on the rebound. but with COVID-19 keep those STOP-Losses On
INTC, Price for next month looks like a Bullish overall trend, for now, COVD-19 might Change this I will Keep up to date!
Basic analysis of a promising cup and handle formation, firstly I believe tech stocks will hold this market up during this period of uncertainty, and Intel is a great example. With this bullish formation, after a small pullback to form the handle Intel is setup for a nice run. I might go long on this.
Islands form when 'prices gap up to the formation and then gap down at the same price level' this is what traders would call an island top, where the initial breakout is upward, forming the island seen, and then a drop back down to the water follows so to speak. With a 23/23 success rate in a bull market according to 'Encyclopedia of chart patterns' islands are a...
Looks like a cup to me, whether the handle forms or not is another question. Waiting for a lower entry is the best bet if following this chart. The bull trend will continue very strongly after this development. Intel is creating some very powerful processors and investing in AI development, these fundamentals are promising for the future of the company.
bullish divergence.. falling wedge.. hammer candle two days ago. oversold af.