Hello Traders,
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
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.