Emerging Rising Wedge pattern in its final wave was identified on the INTC 1 hour chart. After a strong bullish run, we find INTC heading towards the upper triangle line with a possible resistance at 40.3093. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
INTC formed a Rising Wedge on the 1 hour chart. Retest of resistance in sight.
