This looks like a long trade setting up, it's actually already made the initial break now it's time to put it on the radar and keep an eye out for a high probability/low risk entry (typically a pullback).
Here are the charts, this is still very early in the process...
Anything familiar about INTC and it looking good? It's one of those stocks that has been beaten up pretty good, someone is interested as it nears some long term support.
This is the X-over Screen, but on a 60 min chart rather than a daily, so INTC is still early in the process as it is not yet reached this buy signal on a daily, all 3 indicators are giving a long signal, however I wouldn't jump in with both feet just yet. I'd be looking for a pullback, maybe to the 60 min 10 or 22 bar average.
The 60 min chart has seen a recent change in character with a leading positive divergence.
The 15 min chart shows more detail as INTC is brought down to the accumulation zone.
Intraday it's really way too early with a.m. trade in effect to judge the probability of a pullback today, there are some initial signs on the 1 min chart that INTC is not quite making confirmation...
The same on the 2 min, but again it's very early to even be considering these as morning trade rarely reflects the market.
I would set some price alerts, put this one on your radar and consider it. I would probably be looking at a mix with most in long equity and maybe a smaller call position to give it a little extra kick IF the signals all line up very well, otherwise I like an equity long here as it gives INTC some time to develop without having any serious drawdown issues. It may even be a phase-in opportunity.
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