basictradingtv

Intel - Stop the bleeding!

Long
BATS:INTC   Intel Corporation
Hello Traders and Investors, today I will take a look at Intel.

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Explanation of my video analysis:

In the beginning of 2023 Intel stock retested a multi year long horizontal structure at the $26 level. Here Intel created bullish confirmation and took off, creating a crazy rally of +100% within a couple of months. Then we saw a false breakout towards the upside which was followed by an incredible sell off. At the moment Intel is retesting support so we might see a short term short covering rally.

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Keep your long term vision,
Philip (BasicTrading)
Comment:
Seems like Intel is actually NOT slicing through the support level.

We might still see a bullish reversal which leads to a nice rally, be patient!


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Keep your long term vision.
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