A suggestion for those looking to establish a long INTC position.
1) Intel has traced out a bullish Butterfly pattern going back to November of 2020. 2) Price action has taken it to a Pitchfork bottom. 3) Within this is a Bullish Black Swan Harmonic. 4) My momentum indicator suggests near price exhaustion to the down side
No guarantees of success but I am looking to establish a long position.
I need a sign of a clear reversal both in the broader markets and for INTC.
A breach of $39.19 will probably be my INTC price entry trigger.
Upside price targets are indicated.
Not investment advice do your own due diligence and pay attention to the broader markets and interest rate trends.
There is also a nice range of support when you look left. Id say the range is about $35 - $37.50. Currently sitting is that zone so lets see if buyers step in.