Breaking Through Resistance
Intel recently broke through resistance, personally I am not a long term bear for Intel as Apple is no longer using them as their supplier. Aside from the fundamentals I see a short term candle trend based off the candle I have pointed out with green arrows.
The candle pointed out indicates how high Intel can reach and I don't think that will be its highest point.
This analysis is only based off of candlestick trends, however I do think with the high RSI and weakening bearish divergence we can expect the price to drop to a low around $48 a share before rising up to $51 a share as predicted.
What matters is timing, and I believe Intel will drop slightly to retest support before testing a new level of resistance.
Depending on price movement I may place calls
Stay tuned for trade activity
The candle pointed out indicates how high Intel can reach and I don't think that will be its highest point.
This analysis is only based off of candlestick trends, however I do think with the high RSI and weakening bearish divergence we can expect the price to drop to a low around $48 a share before rising up to $51 a share as predicted.
What matters is timing, and I believe Intel will drop slightly to retest support before testing a new level of resistance.
Depending on price movement I may place calls
Stay tuned for trade activity
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.