stochastic would indicate this is not done, but you can already see that no matter how high this goes it will be daily divergent. the break down backtest has never filled against the trend line shown here. that would be the highest probability short, but price has been so weak it can never get there, so i cannot see another level yet. mid term, this break out...
bob kendall's calls are utterly dangerous. just use rsi, stochastic, bollinger bands and distance from a 20 ma. simple stuff. this had a much higher probability of going up than down to 3120 or 3060. the wave tech system has some fatal flaws in it.
the green line will be first support if the current double bottom fails. the green line is very weak, there are not many price pivots supporting from underneath compared with the strength of the black line. the blue line is strong too. these are either months to a year away or indicating another crash scenario like march. the chart is setting up as lower highs...
chart 2 close up. there is no denying price respects that line. this does not bode well for the future for intc.
first chart that is a hugely important trend line from 1973 i supplicate that intc is being replaced in the industry. this is the beginning of a transformative period.
i had this line from the ipo era low. price gapped below it and recently backtested, as well as failed to get above. earnings were a simple extension of the technicals.