INTC is showing a classic Broadening Formation. Don't miss the move.
Expanding volatility. Sign of instability.
Gradual reversal from bearish to bullish.
Traders are watching Intel (INTC) as price action tightens. With a last close of $63.81, volatility remains active (-2.1%). The primary technical feature is a Rounding Bottom formation. Volume is average (1.07x avg) with moderate trend strength (57.3). A potential breakout level is identified at $65.65, targeting $90.67 with support near $53.14 (R:R 2.0).
What is your outlook on INTC?