Intel shares, as well as the IT sector of the stock market as a whole, have turned to rapid growth. Probably, after the Fed meeting, the "bears" decided to take profits allowing the “bulls” to seize the initiative at least for a while.
The "three white soldiers" pattern was formed on the chart indicating a reversal of the downtrend. Levels 49 and 50 can be designated as growth targets.
This content is for informational purposes only and is not intended to be investing advice.
