INTC Pop and Drop

Look at these charts of Intel. If these do not indicate a false breakout, I don't know what one is.
First, the daily. Notice also the potential triple divergence. While it hasn't completed, it seems highly likely, especially since it seems unlikely that INTC will be able to regain the highs of only two days ago quickly enough to prevent the MACD from rolling over.


And now the weekly. This is a pretty clear reversal. Volume seems to confirm as this week's volume was double the average. It is fairly early so it is possible and quite likely that a marginal new high will be made, but it will likely take weeks to make it. During that time a lot of stock can move from strong to weak hands.