$INTC Diamond Top pattern, negative divergence MACD
Looking at 
INTC recently they were hit with the news of losing a patent and being fined 2.5bn. The news itself are bad to begin with but looking more in depth I see:
-Diamond top pattern forming on the daily, it looks just as good on the weekly.
-Buying volume has been decreasing while selling volume is increasing even while it was moving up
-MACD is in negative divergence in the daily
Going to be looking at one level at a time but for the measured move of the Diamond top is nearly 20% I doubt it can be reached since there could be any catalysts that could help bring the price up. TA is not exempt from news
OnceINTC breaks below $60 the downtrend can begin to hit the following TPs:
1)$58
2)$55.83
3)$53.9
4) for the movement to be fully completedINTC would reach near $49
-Focusing of course one level at a time analyzing price action and keeping an eye out for any news that could help keep its current valuationINTC
INTC recently they were hit with the news of losing a patent and being fined 2.5bn. The news itself are bad to begin with but looking more in depth I see:-Diamond top pattern forming on the daily, it looks just as good on the weekly.
-Buying volume has been decreasing while selling volume is increasing even while it was moving up
-MACD is in negative divergence in the daily
Going to be looking at one level at a time but for the measured move of the Diamond top is nearly 20% I doubt it can be reached since there could be any catalysts that could help bring the price up. TA is not exempt from news
Once
INTC breaks below $60 the downtrend can begin to hit the following TPs:1)$58
2)$55.83
3)$53.9
4) for the movement to be fully completed
INTC would reach near $49-Focusing of course one level at a time analyzing price action and keeping an eye out for any news that could help keep its current valuation
INTC
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.