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SWING TRADE
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47. 01
Risk Reward: 2.53
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47. 01
Risk Reward: 2.53
Comments
and perhaps a temporary small pullback due to RSI and Stoch ?
Im watching this as well
When I posted, it was:
Entry: 49.08
Target: 54.31
Stop Loss: 47.01
Risk Reward: 2.53
Right now looking weak, should wait to see if it hits the support once again.