intel - analysis - inside 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 INTC has been overall bullish trading inside the rising wedge pattern in blue and it is currently approaching the lower bound / blue trendline.
Moreover, the 31-32 is a strong support zone.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As INTC approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
