After a rough spell, Intel looks to fight its way off the bottom. GoNoGo Trend flagged a “Go” trend on the 28th of September after a higher low was in place, and now we have seen the highs of the bottoming consolidation pattern broken.
The top of the large breakaway gap will surely form resistance at around $60 and although there is likely to be resistance before that at the clustering of supply we saw around $57 expect INTC to try to fill the gap.
By
Alex Cole
