Dave Barnhart breaks down intraday setups for Robinhood and Intel, identifying bullish thresholds at 131.25, 132.50, and 135, with bearish breakdown levels at 127.75 and 125.50. He notes consolidation since May 20 and pre-market breakout signals using pivot levels and moving averages.
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is on fire. Largest prints in the last month. You can see this consolidation here starting on May 20th. And look at the size of some of these prints. 2 million, 5 million, 1 million, 3.3 mil, 11 million. This is a great one, May 29th. And so we've got prints here, another print pulled back, and then moving up through the prints, pulled back yesterday, and then today we're breaking through the prints pre-market. Apparently there's news or something, not sure what it is. Anyway, we are going to be bullish above. Well, it just broke through. I was looking here, 130. Let's make this 131 and a quarter. We'll be bullish above 131.25 or 131 either way. 132.50, 135, then 135.73, 136 and a quarter. $137.50, $140. $142.87 is R4. This one moves almost $10, $9.61. We're already up pretty much that, $9.52 today, so it's got some momentum. We're going to be bearish below $127.75. There's a 3.3 million share print here. Look at this support here. We've got this pivot and a CAM sitting right here, so if we break below, it looks like this print might hold here for a bit. So we've got to make sure that we break below that target, $125.50. 124.85 is R1, then we've got 124.57 is 1.2 million shares, 123.52 is 2 million, and 123.06 right here, 123.06 is a CAM. Now I stopped right here because look at all of this. If we break below, we've got a pocket down here to the 125 level. This is the post-market, and we broke above these prints. Let's see if this actually does hold to your double pivot and 3.2 million in shares. We've got this one here, 123.58. Is this 2 million sitting right here? But then I've got my 50 simple moving average, and then I've got my 200 simple, 200 exponential. So if we do retrace into this, it's really heavy in institutional support. So if it does come back here, there's a big opportunity for it to move back to the upside. Okay, so
