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

I developed a personal trading strategy on 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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Note

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."

Note

INTC bounced on lower support

xtekky

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xtekky

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