INTC - Catalyst ER 1/21/21 - Are we going to see a golden crossover as the 50 MA gets closer to 100 MA? The chart forms a cup and handle, measuring the bottom of the cup, there was a price increase of $8.82. Taking this amount to predict the next move, we see that the price already made the $8.82 jump to $60. Also, at $60 is where the lower and upper trendline meets and the previous resistance. The upper trendline also rejected the price four times. Bollinger band is extended and looks like it's pulling back inside the middle. The supports are derived using FIBs. I think the stock already made a move, and a golden crossover will unlikely to occur. BEAR My first video TA :)
The 50 moving average and the 100 moving average cross over is quite interesting, never heard of it but you we learn something every day. Pretty deep in this, so I hope it will get to about 63-65 soon, lets hope for the best!
G_Acidbeam
⋅
@quantumfluxfield, It is interesting and it didn't cross. Thanks for the comment.