Intel (
INTC) has been in a strong downtrend, currently trading at $19.61, but I’m watching closely for a potential rebound opportunity.
Key Observations:
Downward Momentum: The stock has dropped significantly from previous highs, with EMAs showing a bearish alignment. We’re now approaching key support around the $19 level, which could offer a strong bounce opportunity.
MACD: Still showing bearish signals, but I'll be watching for any signs of reversal in momentum.
Potential Rebound Play:
Rebound Targets: If we see a bounce near the $19 support, I’ll be targeting $24 as the first profit-taking zone. If momentum continues, I'll aim for the major resistance level around $37 for further gains. 📈
Key Levels:
Support: $19 (critical zone for a potential bounce).
Profit Zones:
$24 (near-term resistance).
$37.14 (previous high and major resistance).
I’m holding for now and will be ready to take profits if we rebound towards these levels. What are your thoughts on this potential setup? Let me know below!
INTC) has been in a strong downtrend, currently trading at $19.61, but I’m watching closely for a potential rebound opportunity.Key Observations:
Downward Momentum: The stock has dropped significantly from previous highs, with EMAs showing a bearish alignment. We’re now approaching key support around the $19 level, which could offer a strong bounce opportunity.
MACD: Still showing bearish signals, but I'll be watching for any signs of reversal in momentum.
Potential Rebound Play:
Rebound Targets: If we see a bounce near the $19 support, I’ll be targeting $24 as the first profit-taking zone. If momentum continues, I'll aim for the major resistance level around $37 for further gains. 📈
Key Levels:
Support: $19 (critical zone for a potential bounce).
Profit Zones:
$24 (near-term resistance).
$37.14 (previous high and major resistance).
I’m holding for now and will be ready to take profits if we rebound towards these levels. What are your thoughts on this potential setup? Let me know below!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.