INTC - Falling Wedge Breakout Setup Intel (INTC) has broken out of a falling wedge pattern, reclaiming key Fibonacci levels with rising volume and bullish EMA alignment. A strong bounce from support signals a potential move higher.Key Levels Resistance: $21.50 → $23.00 → $24.15 → $25.25 → $26.35 → $27.55 Support: $21.00 → $20.50 → $20.42 → $17.65
Technical Setup
Falling wedge breakout with successful retest. Price reclaiming 0.618 Fib ($21.26) and pushing higher. 1.618 Fib extension aligns with longer-term target at $27.71.
Indicators
Price trading above 9/21/50 EMAs = bullish short-term structure.
TTM Squeeze histogram turning green = building bullish momentum.
Volume rising during breakout = confirmation from buyers.
Trade Plan
Bullish: Hold above $21.50 confirms breakout strength.
Targets: $23.00 → $24.15 → $25.25 → $27.55
Bearish: Break below $21.00 could signal weakness.
Watch support: $20.50 → $20.42 → $17.65
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.