Intel Bounce Back
INTC took a hammering following the last earnings.
Looking at the chart, the RSI is trending upwards while the price has been relative range-bound, the top of which is the open following said earnings.
A close above this, which I believe is imminent, should open up space to the next fib at ~$26.
I'm in a starter long here but a close above $22.25 will be a full position.
$19 is roughly the liquidation value of the company's assets so seems like a potential floor when considering risk reward
Looking at the chart, the RSI is trending upwards while the price has been relative range-bound, the top of which is the open following said earnings.
A close above this, which I believe is imminent, should open up space to the next fib at ~$26.
I'm in a starter long here but a close above $22.25 will be a full position.
$19 is roughly the liquidation value of the company's assets so seems like a potential floor when considering risk reward
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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.