The breakout of Intel Corporation through the 49.00 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Intel Corporation to test 46.50 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 49.00 numerous times, Intel Corporation has finally broken through. Can we expect a bearish trend to follow?
