AidanMDang

INTC | Rising Wedge Pattern

Long
BATS:INTC   Intel Corporation
INTC is trading within a rising wedge pattern. Price has found support at the horizontal demand level and wedge trendline.

If price continues to respect these levels we should anticipate a continuation of this bounce to the upside.

Trade invalidates if price closes below $31.50

Initial target $40; Secondary target $42

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