Intel Corporation has broken through a resistance line of a Triangle and suggests a possible movement to 49.74 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Related Posts
Could 4 consecutive 4 hour bearish candles on PFE be a sign of things to come?
Rare set of consecutive candles on the PFE 4 hour chart. Could we expect a turn around from…
ADBE seems to be on its way to support – a possible opportunity?
ADBE is en route to a very important line that will be a definite deciding factor of what…
AMD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Emerging Falling Wedge detected on AMD – the pattern is an emerging one and has not yet broken…