1. Intel (INTC) currently at the top of the channel, and a broadening formation may see a breakout from $63.95.
2. Looking for a close over $65, and momentum to push to $69.75.
3. Many Semiconductor stocks are currently demonstrating these formations, that appear to be a breakout / breakdown scenario.
4. Looking for re-test at $63.95, after a move to $65 and this would be a textbook breakout. Not sure if INTC has any gas left in the tank for this move, but a break above the channel may see some movement.
Commento
⋅
5. If Intel Collapses, looking to add to our $55 position at $57.50
Commento
⋅
6. $57.50 corresponds to the bottom of the channel;