Databased

Medium term rebound

Long
BATS:INTC   Intel Corporation
0
While point and figure charting has largely fallen out of fashion; I find it quite useful to identify trends during complicated markets. Obviously intel had a great run up before earnings , displaying a full catapult. After earnings intel fell rather quickly, yet its fall was broken by its lower trend-line. For now I believe Intel is simply consolidating before its next upward movement. This being said, should intel break its trendline and fall below 19.15 I would find myself becoming quite bearish .
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.