- Every time that Intel is oversold on Williams indicator, meaning -80 to -100 (current is -91.62 - extremely oversold), it bounces hard
- I have highlighted every instance since November 2024, where the momentum indicator was at oversold levels - and every single time came a massive bounce / rally
- It has been a frustrating downtrend, but every single indicator is showing bullish momentum
-- In fact, the 100 and 200 day moving averages are still rising, and has maintained the golden cross since late September
-RSI-based MA is going to converge with RSI levels over the next 2 weeks, as RSI rises - looking for volume buyers
The market is great at convincing you that "it's over". Until it isn't. Price moves sentiment.
Inevitable that Intel will bounce on this uptrend I have highlighted.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
