INTEL CORP (INTC) RSI+MACD+STOCH FIB RETRACEMENT TA TRADING 💡📉

20 Jan 2022

I developed a personal trading strategy on INTC to setup a trading buy scenario.

What are the different indicators Showing?

MACD:

• EMA's crossed, no sign early retracement bounce
  
• !!! market uptrend could have turned into a downtrend, but we need more confirmation
  
  RSI:
• Market is globally in an uptrend but RSI looks like its crossing the 50 line towards a downtrend, so there may be no retracement bounce
  
• INTC is accordingly to the RSI not overbought nor underbought, confirmation to come
  
  STOCH:
• STOCH looks like it's going towards its underbought level, I would wait till both lines cross the underbought level
  
  What is FIB/Graph saying
  
  
• Previous retracements reversed at around 50% to 61.8% fib level
  
• I expect this retracement (if last retracement wasn't a trend reversal) to reverse around the same levels.
  
  Intel Corp. as long term: 📈📈
  
  
• Intel will definitely hit a 100$ in the future, with a lot of new big upcoming projects
  
• For example: a crypto mining dedicated CPU
  

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27 Jan 2022

Nota

Scenario 2: Last retracement was a reversal
"I expect this retracement (if last retracement wasn't a trend reversal) to reverse around the same levels."

4 Feb 2022

Nota

INTC bounced on lower support