bitdoctor

Intel (INTC) - Becoming overextended

Short
NASDAQ:INTC   INTEL CORP
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

Likely there is some more upside potential here but I would be looking for a "green to red" day here. That is, when the day opens green and gets a rejection and flips red. That's an indication time is running out for Intel . I'm looking for a pull back to at least the 55EMA or 21EMA which actually did just cross bullish on the 12H chart here. It might be too early to tell for this asset but indicators are telling me we're about done with this rally.

Trade safely friends!
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Comments

Definitely agree with this analysis. Great post.
Reply
bitdoctor JohnTocci
@JohnTocci, thanks friend. Good luck out there!
Reply
JohnTocci bitdoctor
@bitdoctor, likewise
Reply
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