Technical Analysis on Intel (INTC)

8월 30일

Using long-term volume analysis with the Volume Profile, we observe that Intel's (INTC) current price has moved below a significant monthly Point of Control (POC). To gain a clearer perspective, it will be crucial to wait for the monthly close to determine whether the price remains above or below this POC level.



By zooming in to the daily or H4 timeframe, we notice a potential rounding formation in both the candlesticks and volume, indicating a possible shift in trend direction.



Bullish Scenario:
To confirm a bullish scenario, it will be necessary to wait for a monthly close above the POC. This signal will be strengthened if the volumes increase as well.



Bearish Scenario:
If the price stays below the POC, the bearish scenario suggests potential targets, as illustrated in the image below. It may be possible to consider short entries at the levels indicated as Target 2 and Target 3.