Intel breaking out

Technical Analysis
  • INTC breaking out of a consolidation channel after its drop due to disappointing earnings.

  • RSI confirming breakout; at 62.

  • Intraday volume is above its 10sma average.

  • 200sma lining-up with previous tested support. Breaking this resistance, would take us into next parallel channel.


Attractive risk-reward-ratio at 2.5, placing a stop-loss just below channel top, and profit-exit around the 200sma.
breakoutchannelbreakTechnical IndicatorsINTCintelParallel ChannelriskrewardratiosemiconductorsSOXXundervaluedVolume

Haftungsausschluss