Intel Corporation
Alış

INTC: clear rejection of bearish hold and shoulders. Bullish

109
Stock INTC (Intel Corporation)
Originally appealed to me as a short should it break the lower limits of its SP and the obvious head and shoulders pattern within its trading rectangle. However when this significant pattern was rejected, with volume breaking both the long term downtrend line and the horizontal overhead resistance zone of the right shoulder on a consecutive of overwhelming volume I have turned bullish in changing my mind on the spot.
Long position taken.

Immediate target approximately $26.50
(written at $22.50)

Feragatname

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