Intel - Retest, reversal and rejection!

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INTC has been establishing a slight bullish trend over the past couple of years.



A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.

Levels to watch: $30, $45

Keep your long term vision,
Philip - BasicTrading

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ملاحظة

Quick update on Intel:

Strong moves happen in a short period of time. It is important, that you do not get caught up in the noise before these moves happen. Intel just pumped +12% in 1.5 weeks and the chart tells us that this is just the beginning of something big!

Levels to watch: $30, $45