Intel (INTC) weekly topping tail, struggling trendline, and a stock at a crossroads

Intel printed a weekly topping tail at $54.60, and price has since dropped 18% to $44.57. Now INTC is trapped beneath a critical inclining trendline. Break above it and the topping tail is back in play. Fail here and $40.49 is the next stop.

Intel (INTC) weekly topping tail, struggling trendline, and a stock at a crossroads
Intel printed a weekly topping tail at $54.60, and price has since dropped 18% to $44.57. Now INTC is trapped beneath a critical inclining trendline. Break above it and the topping tail is back in play. Fail here and $40.49 is the next stop.

Share

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0