Intel poised for a breakout

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Intel poised for a breakoutIntel CorporationBATS:INTCquickshiftinnIntel INTC is quite possibly poised for a breakout, as we look at a triangle formation here on the 3W chart, roughly ten months in the making, beside consolidating momentum. Longer term timeframes are good for determining the main trend in a stock's price. On the short term 4H timeframe, better suited for trade entry and exit signals, an inverted head & shoulders pattern has formed both in price and momentum. Fundamentally, Intel shares are arguably cheap, with a discount to Net Asset Value that began in 3Q 2024. A stock trading at a discount to net asset value is selling for less than the per‐share value of its assets minus liabilities.