I'm looking at initiating a long on $INTC. Currently oversold and seen rejection from the 200MA which is also a weekly resistance level.
I'll look to buy above last weeks close with stop at $33.
TP at $40.
Looks like on the weekly Intel Corp could be double topping. I'm entering shorts with stops above the recent highs. If this takes out my stop then be prepared to enter in longs due to a break in structure.