hey guys its amir whats up?
so
INTC
let analyze:
first of all ill start by saying that intel is on uptred for over 6 months. now lets get into details:
- you can see that intel is trading in a uptrend channel for over 6 months, every time the price touched at the bottom trend line the bounced up and every time it touched the upper trend they dropped down, we recently touched the bottom trend line and the price did bounced from there.
- we have on the way up some more major supports and resistances right now the price is in the middle of a support and resistance so for perfect entry ill wait till the price will reach to one of the cyan x's which marks solid entries points.
- lets talk about the MA's, first the 50MA, clear uptrend. 200MA, turned uptrend 3 months ago.
Now lets look at our indicators:
- RMACD crossed bullish about two weeks ago, and now losing a lot of momentum so I think we should wait the RMACD to make a bearish cross and wait till its will cross bullish again, or to see if the momentum is getting stronger in the coming days.
- Volume tells me that its better wait a bit more to see what is going on there.
- good buying pressure moves between moderate and strong buying pressure.
so in conclusion i'd say that now the best thing to do is to wait a little more at least till the price will reach to one of these cyan x's and there we can manage the risk reward in our favor.
price prediction is about $40
so
INTC
let analyze: first of all ill start by saying that intel is on uptred for over 6 months. now lets get into details:
- you can see that intel is trading in a uptrend channel for over 6 months, every time the price touched at the bottom trend line the bounced up and every time it touched the upper trend they dropped down, we recently touched the bottom trend line and the price did bounced from there.
- we have on the way up some more major supports and resistances right now the price is in the middle of a support and resistance so for perfect entry ill wait till the price will reach to one of the cyan x's which marks solid entries points.
- lets talk about the MA's, first the 50MA, clear uptrend. 200MA, turned uptrend 3 months ago.
Now lets look at our indicators:
- RMACD crossed bullish about two weeks ago, and now losing a lot of momentum so I think we should wait the RMACD to make a bearish cross and wait till its will cross bullish again, or to see if the momentum is getting stronger in the coming days.
- Volume tells me that its better wait a bit more to see what is going on there.
- good buying pressure moves between moderate and strong buying pressure.
so in conclusion i'd say that now the best thing to do is to wait a little more at least till the price will reach to one of these cyan x's and there we can manage the risk reward in our favor.
price prediction is about $40
Trade closed: target reached:
Letting you know that the target has reached as i mentioned before on the TA, watch the chart, learn from it, for any questions please comment below, follow like to not miss any other opportunities.
