It obvious the stock Rejected at 4h Red Zone which act as Strong Resistance that Intel cant go above despite recent good news.
we have three scenarios:
for sure all require patient the stock at current price may go anywhere its gambling rather than trading at this price.
Scenario One: the stock price go above 4h Red Zone which act as strong resistance, after re-test the zone its "buy signal after confirmation".
Scenarios Two: the stock will re-test the nearest support level at the Previous High (P. High)
@ 22.40$ roughly at this price we wait for "buy signal after confirmation".
Scenario Three: Re-Test the Institutional Candle price level at 19.80$ since the stock is side-ways movement and still not breaking this forever zone this option is highly valid !
Note: "buy signal after confirmation" Means that:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
we have three scenarios:
for sure all require patient the stock at current price may go anywhere its gambling rather than trading at this price.
Scenario One: the stock price go above 4h Red Zone which act as strong resistance, after re-test the zone its "buy signal after confirmation".
Scenarios Two: the stock will re-test the nearest support level at the Previous High (P. High)
@ 22.40$ roughly at this price we wait for "buy signal after confirmation".
Scenario Three: Re-Test the Institutional Candle price level at 19.80$ since the stock is side-ways movement and still not breaking this forever zone this option is highly valid !
Note: "buy signal after confirmation" Means that:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.