Intel is ready for a good RR trade. Entry in staggered way- 1. at current candle high 1/3rd qty 56.32 2. retest at 54.61 3. pyramid at 58.46 eventual target 74.7/68.5
INTEL is going to tell my internal speech..Follow me for more info! Take Profit - 58.06 Stop Loss - 51.81
NASDAQ:INTC weekly inverted hammer pattern form in intel corp. sell on rise !
Intel is not able to break the long term resistance..
This happens on big companies focus only on financials and not on products.
This one is making one more small correction before it heads last down action , its very high likely will bounce making an Double bottom and will move up back up side Position the size once it hits the double bottom pattern with Daily reversal as buy set up
Weekly looks bearish and on lower time frames we can see a clear triple top formation its a good opportunity for a short after resistance breakout MACD & RSI showing a big divergence on the tops making lower highs instead
-Big Rising wedge. -5 point bearish divergence on RSI. -4 point bearish divergence on Stochastic. -Stock at key resistance. Not an investment advice. Do your own due diligence.
INTC is a buy and we can observe multiple inverted head and shoulder patterns, though i have highlighted only the prominent one. T1: 38 T2: 40 T3: 45 SL: 33