Intel's breakout above the downtrend line presents a buying opportunity if confirmed by a daily close and followed by a price correction.

Now, let's look at the breakout chart; look at Intel's stock breaking through the downtrend line. Among the stocks purchased was Intel, which rose 7.67%, posting a good daily close above the downtrend line .

Therefore, the key for bullish investors is another daily close above the day's candle.

If you notice... the next resistance level could be identified at $112.07. So, it would be a huge boost if Intel could achieve that. But what would happen if that did ? Then, we will have a good investment opportunity to correct the price after the breakout.

So, pay close attention to this Intel plan. Write it down in your notes, and add some pointers and reminders. This way, you can check it tomorrow to see if the breach has been confirmed.

If so, set up alerts for price reversals, so that you can buy to take advantage of the price bounce after the breakout.