INTC Intel Daily Chart Falling Wedge Positive Divergence

INTC Intel daily chart ahead of earnings tomorrow. The red lines clearly show the positive divergence bounce in early April. The 200 day MA at 20.24 was a resistance ceiling as price came up. Now price has come back down to the early April area and indicators all remains buoyant. If earnings hit a home run and price takes off north so be it, but the potential opportunity exists where price places a lower low compared to early April and, with the indicators maintaining their current posture, and considering the falling wedge, the blue dot at 19.3-19.4 would provide an attractive possiblity as an entry for another nice bounce.

Overall, the weekly chart wants to head out sideways moving forward and as evidenced by the 200 day MA above, flatter than a newleywed's souffle, the projection is sideways moving thru the weeks and months ahead, most probably thru the 18.50-20.50 range as the summer sun shines. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.