INTC Possible Fall?Check out the history of this chart. INTC can never stay above the $61 to $66 zone for too long. There has always been a drop back down to $45.10.
INTC chart is printing a bullish triangle but it did the same thing starting August of 2019 and it looks like the same pattern almost.
Will keep my eye on INTC during the week for a good entry. The goal would be to exit before the earnings call on 4/29.
I'm expecting to see the chart shoot up possibly 7 points then follow the usual pattern.
Check the chart and form your own opinion, this is what I personally see.
Entry $60-$66
Exit $50-$46
Possible gains: 30%-40%
Timeframe: 2- 9 weeks
This is just my view and information for me to track. Form your own opinions!