This is just a prime 1W chart. On the left, you'll see ADX in the sweet spot (sub-20), RSX above midline but not overbought and accelerating upward, TTM squeeze is on and looks primed for a massive breakout if it can clear resistance around 52. On the right, the MAs all look bullish (Green = EMA20, Turquoise = SMA50, Red = SMA200), and, perhaps most importantly for long-term signals, we've got a strong PMO crossover that started in January.
My opinion: If INTC breaks out above the downward upper resistance trendline (red), there's not much stopping it from running up to 75 and testing ATH from 2000.
My opinion: If INTC breaks out above the downward upper resistance trendline (red), there's not much stopping it from running up to 75 and testing ATH from 2000.
Note
Here we are . . . up 14% since my post. Now, INTC has broken the downward resistance trend line. Watch for this to print 60.00 next week.
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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.