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 21.48 with the upper limit 21.48/21.44, the projection of the width is 43 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 21.05, the price is most likely to continue the upward movement.

According to the chart of M5, #INTC formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 21.48 - 0.00 and support 21.05 – 21.05. In case the resistance level 21.05 - 21.05 is broken, the instrument is likely to follow the bearish trend.

The Bearish Flag pattern has been formed on #INTC at M5. The lower boundary of the pattern is located at 21.10/21.22 while the upper boundary lies at 21.20/21.32. The projection of the flagpole is 80 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 21.10 is broken, the price will move further downwards.

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 21.10 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.

According to the chart of M5, #INTC formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 22.56 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #INTC M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 22.56, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #INTC M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 23.28 is broken. The further movements will rely on the width of the current pattern 42 points.

The Double Bottom pattern has been formed on #INTC M15. Characteristics: the support level 23.27; the resistance level 23.57; the width of the pattern 30 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 32 points.

The Triple Bottom pattern has formed on the chart of #INTC M5. Features of the pattern: The lower line of the pattern has coordinates 23.57 with the upper limit 23.57/23.47, the projection of the width is 30 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 23.27, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #INTC M15; the upper boundary is 24.37; the lower boundary is 24.12. The width of the pattern is 26 points. In case of a break of the upper boundary 24.37, 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.