INTC 07-12-2020 LongAsset and Time frame -INTC,Daily & 1H
Entry Price -49.83
Exit(Stop Loss) -48.75
Exit(Take Profit) - 53.16
Technical Analysis - INTC has touched a significant support line and started a bullish trend(RSI touched overbought on daily) now were making a small correction to continue the trend, basiclly we want a good entry, so either the -27.2 or the -61.8 Fibonacci level, depending on the price action at those levels, so if there is a bullish engulfing candle on either of those levels, on the daily chart we have the 100 & 50 SMA being used as support levels.
What can be improved & Conclusion & End of Trade -