INTC is going sideways since 2018.
INTC reaching a nice support zone
With the recent downturn in tech stocks, INTC may poise for a short term rebound.
Things to take note for downside risk:
1) This support zone is in the middle of the bigger sideway zone. so chances of winning 50:50. but it's a good time to collect some should there be a short term rebound and perhaps breaking new high due to increased demand in the global recovery. Otherwise, this trade could become a long term trade
2) May anormaly: Sell in May and go away
EP: now ($57.19) or within support zone.
TP: $64.23 or $68.49
No stop loss: enter again when prices hit around $43.72 and ride the sideways market.
INTC reaching a nice support zone
With the recent downturn in tech stocks, INTC may poise for a short term rebound.
Things to take note for downside risk:
1) This support zone is in the middle of the bigger sideway zone. so chances of winning 50:50. but it's a good time to collect some should there be a short term rebound and perhaps breaking new high due to increased demand in the global recovery. Otherwise, this trade could become a long term trade
2) May anormaly: Sell in May and go away
EP: now ($57.19) or within support zone.
TP: $64.23 or $68.49
No stop loss: enter again when prices hit around $43.72 and ride the sideways market.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.