INTC psar bull signal

Intel (INTC) showed a psar bull signal sometime after I did my scan. This reverses Friday's bear signal.

I've noted elsewhere that the psar can be a bit whippy sometimes (that's "whippy" as in "whipsaw" or "whiplash").

Having said that, here's what really happened today: INTC pushed up to $21.20, past the first level of resistance at $21.09, and then dropped back to $20.86, below the resistance level.

A miniscule chart (a candlestick every 133 ticks) shows a rise beginning around 10:30 a.m. Eastern, pausing at the $21.09/$21.10 level from 12:30 p.m. to around 2:15 p.m., pushing up to the peak at about 2:35, and then falling steadily to the present levels.

So, is it a breakout or not? Beats me. I had said in my Friday post that I would be reluctant to trade this stock directionally, and that's still the case.

Here's the original posting, with the "You are here" table.