INTC Ready For Breakout?

Intel INTC appears to be putting in a major bottom on the weekly time frame. Stock has been beaten down for some time!

On the daily time frame, price appears to be ready to breakout of the range above the High Volume Node after multiple tests of the upper boundary resistance.

Theres been a gap to fill for some time up to $28. The pivot targets are subdued due to the amount of time INTC has spent ranging, so not super useful for targets in this case.

Price is above the daily 200EMA which has flicked positive.

Here is an example from my trade signals Substack. Stop below the 200EMA, pivot, High Volume Node and descending support line - you don't want to see price losing these as it adds confidence to the downside. This asset is volatile so the stop is wide for now - I will be looking out to adjust this to a tighter stop and thus a larger position size once I see how price action unfolds. I believe we have a good opportunity ahead to make several trades on this asset as we play it level by level.

Safe trading