Technical Analysis
Attractive risk-reward-ratio at 2.5, placing a stop-loss just below channel top, and profit-exit around the 200sma.
- INTC breaking out of a consolidation channel after its drop due to disappointing earnings.
- RSI confirming breakout; at 62.
- Intraday volume is above its 10sma average.
- 200sma lining-up with previous tested support. Breaking this resistance, would take us into next parallel channel.
Attractive risk-reward-ratio at 2.5, placing a stop-loss just below channel top, and profit-exit around the 200sma.
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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.