INTC Awaits a reversal from the bottom of the recent price range
Updated
INTC in the past week trended up and reversed into a trend down which then went into a low
volatility narrow range consolidation to finish out the week. I see INTC as being in the bottom
of its recent trading range and ready to head higher inthe upcoming week. The RSI lines are
in the area of 35-40 and the slope of the regression line is rapidly decreasing. On the
15 minute chart based on the volume profite and a Fibonacci retracement I have marked
out two targets and the stop loss. I am going back to the well as INTC paid me in February
and appears ready for a swing trade long here. Although, it is in the shadows of NVDA and the
others INTC along with SOUN, DELL, HPE and been recent winning trades and going back
to what has worked in the recent past is my strategy here.
volatility narrow range consolidation to finish out the week. I see INTC as being in the bottom
of its recent trading range and ready to head higher inthe upcoming week. The RSI lines are
in the area of 35-40 and the slope of the regression line is rapidly decreasing. On the
15 minute chart based on the volume profite and a Fibonacci retracement I have marked
out two targets and the stop loss. I am going back to the well as INTC paid me in February
and appears ready for a swing trade long here. Although, it is in the shadows of NVDA and the
others INTC along with SOUN, DELL, HPE and been recent winning trades and going back
to what has worked in the recent past is my strategy here.
Note
Note
INTC is looking good. now a successful swing trade while NVDA fades
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