Intel Corporation
Long

INTC - Returning to previous glory

116
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Volume
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-Increasing


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Price Action
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- rounding bottom noticed
- broken downtrend line of 2 years
- Weak selling pressure

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Technical Indicators
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- Ichimoku
>>> price above cloud
>>> Green kumo budding
>>> Tenken [Conv] + Chiku [lagging] - above clouds and moving away
>>> Kijun [Base] - Above clouds and moving away

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Oscillators
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- MACD bullish
- DMI bullish
- StochRSI, bullish

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Conclusion
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- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.

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