The_Patterns_Guy

#INTC #long #breakout #stock

Long
NASDAQ:INTC   Intel Corporation
INTC leaped up on earnings. In doing so, it formed a a complete double bottom breakout. Trends look good. indicators look good. What is especially interesting about this chart is how flat INTC's price action has been on the weekly and monthly charts. Why does this matter? Remember the rule, the bigger the base, the higher the space. INTC might be a stock to consider for the longer term. It has nice big base to project higher from.

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