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

The Double Top pattern has been formed on #INTC M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 47.59 is broken, the downward movement will continue.

According to the chart of M5, #INTC formed the Head and Shoulders pattern. The Head’s top is set at 51.21 while the median line of the Neck is found at 50.70/50.73. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #INTC will go towards 50.58.

On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 50.68; the lower boundary 47.59; the width of the pattern 309 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 47.44 level.

The Bullish pennant signal – Trading instrument #INTC H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 51.59, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has been formed on #INTC M5. It has the following characteristics: resistance level 47.77/47.64; support level 47.00/47.00; the width is 77 points. In the event of a breakdown of the resistance level of 47.77, the price is likely to continue an upward movement at least to 47.37.

The #INTC M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 49.83, the Neckline and the upward angle are at 48.99/49.05. 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 48.90.

The Double Top reversal pattern has been formed on #INTC M5. Characteristics: the upper boundary 49.29; the lower boundary 48.99; the width of the pattern is 27 points. Sell trades are better to be opened below the lower boundary 48.99 with a possible movements towards the 48.84 level.

The Bullish pennant graphic pattern has formed on the #INTC M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 48.97.

The Double Top reversal pattern has been formed on #INTC M15. Characteristics: the upper boundary 49.22; the lower boundary 48.25; the width of the pattern is 102 points. Sell trades are better to be opened below the lower boundary 48.25 with a possible movements towards the 48.03 level.

The Triple Top pattern has formed on the chart of the #INTC M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -20, support level -91, and pattern’s width 127. Forecast If the price breaks through the support level 47.51, it is likely to move further down to 49.07.