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RizeSenpai

INTC: Bullish Shark and Breaking Back Above The 200 Month SMA

Long
Intel Corporation (NASDAQ:INTC)  
RizeSenpai Updated   
NASDAQ:INTC   Intel Corporation
Harmonic Patterns Technical Indicators Trend Analysis Moving Averages 200monthmovingaverage 200ma intel semiconductors Bullish Shark dowjones
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harmonicpatterns indicator trendanalysis movingaverage 200monthmovingaverage 200ma intel semiconductors bullishshark dowjones
Intel has made a full reset down to the PCZ of a perfect Bullish Shark Harmonic on the Monthly Timeframe and it went below the 200 Month Moving Average to do so but it was short lived as price only a month later managed to get back above the 200SMA and close above it. I now believe that we could atleast see price test the 50% - 61.8% Retraces above but if the Dow reaches all time highs as i am somewhat leaning towards then we may see Intel make an even more surprising and extended move to the upside from here beyond the .618 retracement.
Trade closed: target reached

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