If we look at the chart, we can see INTC failed the breakdown of an H&S, retested the trendline breakout and seems to be heading higher.
Failed breakdowns are usually the most bullish patterns.
I could see the possibility of a large move here to go back and retest the $34 region, or potentially even go higher ($40+) if we can surpass that resistance.
Being price fell so quickly from March until now, I can see a sharp move higher (maybe on some news?).
Let's see what happens over the coming weeks.
Failed breakdowns are usually the most bullish patterns.
I could see the possibility of a large move here to go back and retest the $34 region, or potentially even go higher ($40+) if we can surpass that resistance.
Being price fell so quickly from March until now, I can see a sharp move higher (maybe on some news?).
Let's see what happens over the coming weeks.
Trade active
Entered both spot and callsNote
Looking like the move has started. Let's see if we can get to $34-44
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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.