INTC - Oversold Recovery
SWING TRADE
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47.01
Risk Reward: 2.53
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47.01
Risk Reward: 2.53
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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.