Hello Traders,
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.