empty
 
 
03.09.2021 11:49 AM
INTC breaks out of wedge pattern.

In our last analysis on INTC we noted the bullish wedge pattern price had formed and the potential of a major low and reversal from the 61.8% Fibonacci retracement it was trading. Price has made a low at $51,57 and is most probably reversed its trend.

This image is no longer relevant

Red line - bullish divergence

Blue lines- wedge pattern

Green lines -Fibonacci retracement

INTC stock price has exited the wedge pattern. Combined with the fact that the RSI was providing bullish divergence signals and that price was turning upwards from the 61.8% Fibonacci retracement, there are increased chances that the entire decline from $68.39 is complete and a new upward move is starting. Of course more signs of strength need to be seen in order to confirm the reversal. Price needs to start making higher highs and higher lows and create a bullish channel. The chances favor the bullish scenario and bullish exposure.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback