Intel Corporation
Largo

Intel breaking out

94
Technical Analysis
  • 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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