The ( INTC ) share has broken the long term resistance red line lately with two Gaps. This support line is above the KUMO, which means that the INTC is in long term. The weekly diagram shows but an overbought . The monthly is too.
So the first think in mind is that INTC solved upwards a 10years reversal pattern and now it shoots its' peaks. The last time that Intel share worth $30 was Feb 2004. So as I have mentioned previously this is a new age for Intel . is and too but over-ovrebought. The is 50% more than the usual.
There is no special pattern. The share is over the KUMO , the Kijun Sen (blue line) and Tenkan Sen (green line) too but very far away of all of them.
There is a bottoming special pattern of reversal these ten years (as I mentioned above – see related link). The fib speak for it self.
Next weak there is two scenarios. In the first scenario INTC will consolidates until Tenkan Sen reach the price. The 2nd scenario is a development towards to Kijun Sen. Anyway the two gaps are dangerous,