INTC 07-12-2020 Long
Asset and Time frame -INTC,Daily & 1H
Entry Price -49.83
Exit(Stop Loss) -48.75
Exit(Take Profit) - 53.16
Technical Analysis - INTC has touched a significant support line and started a bullish trend(RSI touched overbought on daily) now were making a small correction to continue the trend, basiclly we want a good entry, so either the -27.2 or the -61.8 Fibonacci level, depending on the price action at those levels, so if there is a bullish engulfing candle on either of those levels, on the daily chart we have the 100 & 50 SMA being used as support levels.
What can be improved & Conclusion & End of Trade -
Entry Price -49.83
Exit(Stop Loss) -48.75
Exit(Take Profit) - 53.16
Technical Analysis - INTC has touched a significant support line and started a bullish trend(RSI touched overbought on daily) now were making a small correction to continue the trend, basiclly we want a good entry, so either the -27.2 or the -61.8 Fibonacci level, depending on the price action at those levels, so if there is a bullish engulfing candle on either of those levels, on the daily chart we have the 100 & 50 SMA being used as support levels.
What can be improved & Conclusion & End of Trade -
Trade closed: stop reached
Fundamental change, Microsoft is starting to build its own processors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.