Hello Everyone! INTC has been pushed lower last week touching its 200 weekly moving average and out its lower Bollinger bands.
Despite the strong momentum for the semiconductor sector, price reached below 50 usd once again like happened last March.
In a five years chart you can spot 3 cases where price went all the way towards its lower Bollinger bands, touching its 200 moving average and reversed from there to a new uptrend : 2015, 2016, March 2020 and likely this time.
A nice green candle weekly will be the confirmation of a trend reversal, if history will repeat itself, we might spot it this week or the coming week.
Thanks for reading and....may the market be with us!
Despite the strong momentum for the semiconductor sector, price reached below 50 usd once again like happened last March.
In a five years chart you can spot 3 cases where price went all the way towards its lower Bollinger bands, touching its 200 moving average and reversed from there to a new uptrend : 2015, 2016, March 2020 and likely this time.
A nice green candle weekly will be the confirmation of a trend reversal, if history will repeat itself, we might spot it this week or the coming week.
Thanks for reading and....may the market be with us!