FX.co ★ Patterns #INTC | Intel Corporation Stock Price

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 130.40 with the upper limit 130.40/129.97, the projection of the width is 244 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 127.96, the price is most likely to continue the upward movement.

According to the chart of M5, #INTC formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 127.96 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -274 pips.

The Double Top reversal pattern has been formed on #INTC H1. Characteristics: the upper boundary 141.42; the lower boundary 118.51; the width of the pattern is 2381 points. Sell trades are better to be opened below the lower boundary 118.51 with a possible movements towards the 118.11 level.

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 132.56; the lower boundary 131.19; the width of the pattern 137 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 131.04 level.

The Double Bottom pattern has been formed on #INTC M15; the upper boundary is 136.05; the lower boundary is 127.98. The width of the pattern is 768 points. In case of a break of the upper boundary 136.05, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #INTC M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 128.07 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Top pattern has formed on the chart of the #INTC M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 139.83/140.22 with the upper limit 140.92/140.98; the projection of the width is 109 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 139.83, the price is most likely to continue the downward movement.

The #INTC M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 132.57, the Neckline and the upward angle are at 124.55/124.94. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #INTC will go towards 124.71.

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 103.16/102.88; support level 101.58/101.67; the width is 158 points. In the event of a breakdown of the resistance level of 103.16, the price is likely to continue an upward movement at least to 101.70.

The Double Bottom pattern has been formed on #INTC M5. Characteristics: the support level 101.58; the resistance level 103.16; the width of the pattern 158 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 161 points.