Intel Corporation
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INTC Excellent Long Position

324
In my previous post, I outlined the resistance level that had to be gained in order for INTC to enter into a bullish confirmation. We are now above that level as I predicted, and there are now 2 likely outcomes;
1. The less likely option is we have a continuation where we re-test the resistance range of 22 and continue upwards, as outlined in my previous post.
2. The more likely option is we re-test the critical 20 level that sent us up in the local ranges. As outlined in the chart, failing to gain 20 created lows, and gaining it created high pumps - we have gained 20, and it pumped us up, now to solidly confirm a broader trend reversal, the chart must prove it can hold that level.

This makes 22 a reasonable long, and 20 an excellent long, depending on which you think is more likely. I will be entering a long position at 20, and am averaged at 19.66.

A stoploss may be set at 19.50, based off being just below the level that held and sent us up past 20 on the lower (15m) timeframes. I'd post a chart analysis demonstrating this, but tradingview thinks I'm too new :(




Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.