SniperYos INTC 5/19 Weekly OutlookNASDAQ:INTC - Falling Wedge Breakout Setup Intel (INTC) has broken out of a falling wedge pattern, reclaiming key Fibonacci levels with rising volume and bullish EMA alignment. A strong bounce from support signals a potential move higher.
Key Levels Resistance: $21.50 → $23.00 → $24.15 → $25.25 → $26.35 → $27.55 Support: $21.00 → $20.50 → $20.42 → $17.65
Technical Setup
Falling wedge breakout with successful retest. Price reclaiming 0.618 Fib ($21.26) and pushing higher. 1.618 Fib extension aligns with longer-term target at $27.71.
Indicators
Price trading above 9/21/50 EMAs = bullish short-term structure.
TTM Squeeze histogram turning green = building bullish momentum.
Volume rising during breakout = confirmation from buyers.
Trade Plan
Bullish: Hold above $21.50 confirms breakout strength.
Targets: $23.00 → $24.15 → $25.25 → $27.55
Bearish: Break below $21.00 could signal weakness.
Watch support: $20.50 → $20.42 → $17.65
