Intel Corporation
Long
Updated

Intel - The parabolic bullrun!

3 631
đź’¸Intel (INTC) rallies significantly:
snapshot

🔎Analysis summary:
After Intel retested a major support a couple of months ago, we already witnessed an expected rally of about +100%. Considering that the next horizontal resistance is about +25% higher, a bullrun continuation remains totally likely. Intel just perfectly plays out.

📝Levels to watch:
$45

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
đź’¸Intel (INTC) perfectly plays out:
snapshot

🔎Analysis summary:
Over the course of the past three months, Intel has been rallying an incredible +100%. But objectively looking at market structure, this rally is far from being over. In fact, Intel is preparing for the final blow off top formation, after which we will then see a correction.

📝Levels to watch:
$45

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
đź’¸Intel (INTC) still heads higher:
snapshot

🔎Analysis summary:
With the parabolic move of about +100% over the past three months, Intel rejected a major horizontal support. However, this rally is clearly not over since Intel can still add another +25% on top. Bulls remain totally in control and path of least resistance is higher.

📝Levels to watch:
$45

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

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