Intel - This Support Has To Hold!
Intel (
INTC) is retesting cucial support:
Click chart above to see the detailed analysis👆🏻
After dropping an incredible -60% over the past couple of months, we are finally seeing some stabilization at the current support on Intel. It is also quite likely, that we will see another short covering rally, which would perfectly line up with a rejection away from the support area.
Levels to watch: $20, $26
Keep your long term vision,
Philip (BasicTrading)
INTC) is retesting cucial support:Click chart above to see the detailed analysis👆🏻
After dropping an incredible -60% over the past couple of months, we are finally seeing some stabilization at the current support on Intel. It is also quite likely, that we will see another short covering rally, which would perfectly line up with a rejection away from the support area.
Levels to watch: $20, $26
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Intel (INTC):
Click chart above to see the detailed analysis👆🏻
Exactly at the strong horizontal support, bulls are stepping in and it is quite likely that we will soon even see bullish confirmation on the smaller timeframes. Therefore all the bearish selling might be over and during 2025, we could see a significant move of approximately +40% towards the upside.
Levels to watch: $20, $26
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Intel (INTC):
Click chart above to see the detailed analysis👆🏻
Right now it really all comes down to bulls being able to defend this major support level on Intel. Either we will finally see the expected bullish rejection or this will turn into a very ugly bearish breakout crash and most likely Intel will never properly recover from that then expected panic sell off.
Levels to watch: $20, $26
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
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Keep your long term vision.
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