INTEL : GO WITH THE MOMENTUM
Updated
- Intel is gaining its share back in chip manufacturing.
- It is getting orders from various countries
Technical points:
- Volume is increasing month on month basis
- Bouncing back after hitting bottom and consolidating there for a while.
- Big bullish candles on monthly chart
- 50% price correction is done along with PE
- RSI is above 60 which is again bullish momentum
TARGET -1 : $55
TARGET -2 : $65
STOP LOSS: $44
**These are my personal observations. Please trade at your own risk.**
Trade closed: stop reached
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