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whiteknightmoving
Jul 25, 2020 11:27 PM

INTC- Crashing into a Target Buy Zone? Part 3 of 3 Long

Intel CorporationNASDAQ

Description

Drilling down to the 1 day chart, we can begin to look for a potential buy target near 45-46 zone on the green buy line.
We may also see the completion of the Bat pattern harmonic. That shows a price target point D at about 45.87.
So lets see if there is more panic and selling next week towards the target.
This would be a low risk entry. Should price drop lower than the March low circled in green (point X), then this pattern would be voided
Comments
keentrading
I’m thinking bottom has already been had at 49.50 stayed flat for majority of day testing the 50.00 bottom always rejecting get back it here before proper correction. Great trading guys. It’s evaluations were not bad and beet estaminets little delay in one small part of its business did not justify a 16% drop intel is still a 59-61 dollar company look for 56-57 price correction.
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