Been trading in this fallen wedge since the summer.
There is a lot of price action in that 53-54.50 area.
Intc actually touch wedge resistance today and got rejected. It bullish here and if there is a breakout coming they'll definitely save it for earnings.
If it does breakout I think we're are headed back to 60$
if there is a rejection then a possible pullback to 51$ is at play
There is a lot of price action in that 53-54.50 area.
Intc actually touch wedge resistance today and got rejected. It bullish here and if there is a breakout coming they'll definitely save it for earnings.
If it does breakout I think we're are headed back to 60$
if there is a rejection then a possible pullback to 51$ is at play