Intel
We see here upcoming surge confirmed by recent attempt of false breakdown while the current price approachs it's long term average from the bottom side. Since Intel is coming up with their's new processors line we can assume onward trend is likely to continue and price may even hit top boundary of Linear Regrasion channel at 41$, but more steady target will probably be at Bollinger's top while strong resistance is at 38$ and 40$ is heavilly psychological ressistance.
Having that said, appropriate parameters for the trade seems to me:
Entry 31.5
SL:29.25
Target1: 37.96
Target2: 39.96
Having that said, appropriate parameters for the trade seems to me:
Entry 31.5
SL:29.25
Target1: 37.96
Target2: 39.96
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.