Long

Intel - Retest, reversal and rejection!

Updated

has been establishing a slight bullish trend over the past couple of years.

A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.

Levels to watch: $30, $45

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on Intel:

Strong moves happen in a short period of time. It is important, that you do not get caught up in the noise before these moves happen. Intel just pumped +12% in 1.5 weeks and the chart tells us that this is just the beginning of something big!

Levels to watch: $30, $45

basictradingtv

😴|Swing Trader
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"

basictrading.net

Also on:

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.