$INTC was on the ropes yesterday, went all the way back to its 200 Day MA and on its last chance, $AMZN and $SPY were also very similar, in difficult positions.
Strong earnings report beat with EPS beating expectations by 86%. Revenue also beat expectations by 5%.
The share price has jumped all the way back up to exactly at the ascending triangle trend line, anyone surprised by this?
Let's see how the price handles getting back into the triangle formation and see if it can test the top line next again.
We know that $37 was a difficult resistance level since June.