Flash430

INTC Intel bearish indicator for rest of market?

Short
Flash430 Updated   
NASDAQ:INTC   Intel Corporation
The rising wedge pattern in Intel INTC looks to be breaking - if this is the case it could be a leading indicator for the rest of the market (potential 20%+ downside from here)
Trade active:
Staying short Intel INTC. More downside anticipated to 42-43 area over coming weeks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.