Intel ($INTCB ) Bounce: Support Held or More Pain Ahead? đđ
Intel just pulled off a quick bounce after briefly breaking below that $55 key support level weâve been tracking in my previous posts! The stock closed at $56.28 (+7.71%), showing some decent signs of life.
But don't chase the FOMO just yet. đ
Even though we see a short-term relief rally, the broader technical structure suggests this correction might not be entirely over. If the selling pressure returns, the next rock-solid floor to watch closely is the Weekly MA200 sitting around $42.30.
My Personal Strategy: đŻ
I am sticking to a strict laddered buying strategy (dollar-cost averaging).
I already picked up shares at the $55 zone.
If the price drops further and tests that $42.30 weekly MA200 support, I will comfortably double down and repeat my buy order there.
Let's talk! đ
Did you catch the bounce and buy the dip at $55, or are you sitting on your hands waiting for a deeper drop to $42? Let me know your game plan in the comments!
$INTC #Intel #Trading #Crypto #Stocks #DCA
$INTC.US
Intel just pulled off a quick bounce after briefly breaking below that $55 key support level weâve been tracking in my previous posts! The stock closed at $56.28 (+7.71%), showing some decent signs of life.
But don't chase the FOMO just yet. đ
Even though we see a short-term relief rally, the broader technical structure suggests this correction might not be entirely over. If the selling pressure returns, the next rock-solid floor to watch closely is the Weekly MA200 sitting around $42.30.
My Personal Strategy: đŻ
I am sticking to a strict laddered buying strategy (dollar-cost averaging).
I already picked up shares at the $55 zone.
If the price drops further and tests that $42.30 weekly MA200 support, I will comfortably double down and repeat my buy order there.
Let's talk! đ
Did you catch the bounce and buy the dip at $55, or are you sitting on your hands waiting for a deeper drop to $42? Let me know your game plan in the comments!
$INTC #Intel #Trading #Crypto #Stocks #DCA
$INTC.US
