My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Intel.
Looking back at January of 2023 - after a massive dump during 2022 - Intel stock perfectly retested and started to reject a major monthly structure level at the $27 level.
With the next clear resistance level being at $46 I am now expecting more upside on Intel stock before we could then see a short term rejection away from the $46 resistance area.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.