TradingView
WinnerTrader99
Nov 21, 2019 11:06 AM

$INTC Possible Bearish pattern with deep falling targets-Short Short

Intel CorporationNASDAQ

Description

Possible Diamond pattern after long up run is highly negative bearish pattern suggests massive drop or sudden drop to main support . Strong RSI reversal suggested decline during coming weeks. Target to fill up recent gap at 53.5. Negative divergence with MFI . Stochastic still in good positions . Opening lower on Thursday will give better chance for short positions targeting 56.5 then 55.5 . Actually its slow moving stock so choose little long-time options .. good luck - On very large scale its one of best stocks and long investors will be waiting at low levels to increase long positions...

Comment

Comment

Comment

Comments
WinnerTrader99
WinnerTrader99
More