INTEL CORP.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 32.10 |
| Take Profit | 35.10 |
| Stop Loss | 31.00 |
| Key Levels | 25.50, 29.80, 31.00, 32.00, 32.10, 35.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 29.80 |
| Take Profit | 25.50 |
| Stop Loss | 32.00 |
| Key Levels | 25.50, 29.80, 31.00, 32.00, 32.10, 35.00 |
Shares of Intel Corp., a giant in the development and sale of electronic devices and computer components, are trading at 31.00.
On the daily chart, the price is moving in a correction trend near the annual low of 29.80.
On the four-hour chart, the sideways trend is part of a downward channel with dynamic boundaries of 35.00–25.50. If the annual high is kept, growth may continue to the resistance line of 35.00. If the quotes consolidate below it, they may reach the support line of the channel at 25.00.
Technical indicators are weakening the sell signal: the EMA fluctuation range on the Alligator indicator remains wide, and the AO histogram is forming correction bars below the transition level.
Trading tips
Long positions may be opened after the price grows and consolidates above 32.10, with the target at 35.10. Stop loss is 31.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 29.80, with the target at 25.50 and stop loss 32.00.
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