Intel - Still Got Another +15% From Here!

5 lis 2024

Intel (INTC) is perfectly respecting structure:



Click chart above to see the detailed analysis👆🏻

For more than two decades, Intel has not been trading in any clear trend. We saw a lot of swings towards the upside which were eventually always followed by corrections, making Intel a very easy to trade stock. After the current retest of support, a move higher will eventually follow.

Levels to watch: $20, $27

Keep your long term vision,
Philip (BasicTrading)

12 lis 2024

Zlecenie aktywne

Trading update on Intel (INTC):



Click chart above to see the detailed analysis👆🏻

And Intel perfectly pumped the +15% which I mentioned in this analysis, retesting the previous support level, which was turned resistance after the break towards the downside. With Intel already rejecting this key structure, it is quite likely that we will see another retest of the previous swing low level.

Levels to watch: $27, 20

Keep your long term vision,
Philip (BasicTrading)