INTEL: WAITING A RETEST FOR A BUY TRADE WITH EXCELLENT R/R RATIOINTEL has long been behaving like the little sister of the big tech companies that have benefited from the sharp rise in prices in recent months. Finally this is the right time: the price has created a new accumulation phase (lasting 47 trading days), and then forcefully breaks upwards to close the gap down created in the 34.12 area.
Now the price could:
Scenario A): retest the 31.75 and then continue the bullish run (In my opinion the most plausible scenario).
Scenario B): continue its upward trend inexorably, but for this the older tech sisters, or in any case the Nasdaq 100 as a whole, will have to become accomplices.
Scenario C): Return to the accumulation area and stay there for a while longer (unlikely scenario).
I recommend being patient and not getting caught up in FOMO. A limit order at 32 guarantees you a very interesting entry price, and an excellent risk-return ratio, with an estimated target of 43. However, in my opinion, this stock is also very interesting from an investment .