Bar & Volume

Intel posted high volume and wide price bars during the week of February 24th.

The bearish case for INTC has been established; now (2:25 p.m., EST), price action is coming back to test the wide bars.

The daily charts below show we’re in a trading channel with a potential contact, today, tomorrow, set-up (not advice, not a recommendation).

Intel (INTC), Daily

Longer term view

Moving closer-in

Note the wide bars and volume.

Markets tend to come back and test these areas.

It’s the trader’s discretion of what to do at this juncture (not advice, not a recommendation).

We’re just providing the analysis and the probabilities.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279