Double bottom break-up, target of $40
INTC $Intel(INTC)$ closed last month well, breaking through the double bottom and gaining a foothold above.
There was also a break-up on 1W after a six-month consolidation.
It is not advisable to buy from the current price ones because of the distant stop-loss. But it is possible to take from the current 20%, so that in case of a breakthrough to the top, you do not regret the lost profit. The remaining 80% or distribute in the block. Or it is even better to look for entry points with short stops in this block on 1D -1W.
The 3 main goals are indicated by green lines.
$35 closing... Gaining GPU shares. and AI shares.
Looks like INTC can't wait to have their qrtly earnings announcement. should be decent....
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