Intel - What is going on?

29 Nis 2024

Hello Traders and Investors, today I will take a look at Intel Corporation.

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Explanation of my video analysis:

In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down.

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Keep your long term vision,
Philip (BasicTrading)

10 May 2024

Not

Beware on Intel stock; it seems like every day is sell off day!

Target is now back at the lows at $27 and then we certainly need some time...