INTC remains in a 158-day trading range (yellow box).
Attempt to breakout above the trading range on 18-Feb lacked follow-through buying and failed.
The recent strong move up to the March 18 high looks like a Buy Vacuum and bull leg within a trading range.
To see the definition of a Buy Vacuum, see the comment section on the tagged related post on the 20 Mar SPX analysis.
For now, because the market remains in a trading range, traders will BLSH (Buy Low, Sell High).
That means buying from around the lower third and selling in the upper third of the trading range.
Traders will continue to do this until there is a breakout from either direction with follow-through buying/selling.
Related publications
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.
Related publications
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.