$INTC If you're not thinking of buying here, then where? 👀
I don't know the future, but let's look at the chart. The stock fell from a high of 142 to 52, where it’s at very strong support on the weekly timeframe. This decline closed many price gaps on the daily chart, while leaving a large price gap above. I expect it to go back and fill it.
Intel is one of the companies that has been hit hard by the AI and computer industry story, but I don't think it's over.
🟢 Entry: 53.00 – 50.00
🎯 TP1: 57.00
🎯 TP2: 65.00
🎯 TP3: 79.00
🛑 Stop: Below 48
This is a long-term trade and requires patience. Personally, I don't like stop losses and don't use them, especially when investing. But a break below 48 could send the stock back to prices below 40, for those who want to manage their trade differently.
$INTCB $INTC
I don't know the future, but let's look at the chart. The stock fell from a high of 142 to 52, where it’s at very strong support on the weekly timeframe. This decline closed many price gaps on the daily chart, while leaving a large price gap above. I expect it to go back and fill it.
Intel is one of the companies that has been hit hard by the AI and computer industry story, but I don't think it's over.
🟢 Entry: 53.00 – 50.00
🎯 TP1: 57.00
🎯 TP2: 65.00
🎯 TP3: 79.00
🛑 Stop: Below 48
This is a long-term trade and requires patience. Personally, I don't like stop losses and don't use them, especially when investing. But a break below 48 could send the stock back to prices below 40, for those who want to manage their trade differently.
$INTCB $INTC
