Intel Stock

Intel is forming a broadening trend. If it breaks through the resistance at ~47, it has the potential to reach a target of 52-56. Additionally, the candles remain above the 50 and 200 moving averages. We will see in the next couple weeks!
Comment: As we enter week 2 of the Intel trade, we can still expect bullish movement towards the resistance line at 50.80. If the trend cannot break this resistance line, we will have a head and shoulder formation, which will probably break below the support line at 47.54. Have your stop losses ready at 47.78, just in case.

Technical Analysis:
Oscillators remain bullish for the RSI. However, the CCI line has crossed the +100 line, so we could expect a downward trend sometime in the near-distant future. As for moving averages, the candles remain above both of the 200 and 50 MA.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out