It obvious the stock Rejected at 4h Red Zone which act as Strong Resistance that Intel cant go above despite recent good news.
we have three scenarios:
for sure all require patient the stock at current price may go anywhere its gambling rather than trading at this price.
Scenario One: the stock price go above 4h Red Zone which act as strong resistance, after re-test the zone its "buy signal after confirmation".
Scenarios Two: the stock will re-test the nearest support level at the Previous High (P. High)
@ 22.40$ roughly at this price we wait for "buy signal after confirmation".
Scenario Three: Re-Test the Institutional Candle price level at 19.80$ since the stock is side-ways movement and still not breaking this forever zone this option is highly valid !
Note: "buy signal after confirmation" Means that:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
we have three scenarios:
for sure all require patient the stock at current price may go anywhere its gambling rather than trading at this price.
Scenario One: the stock price go above 4h Red Zone which act as strong resistance, after re-test the zone its "buy signal after confirmation".
Scenarios Two: the stock will re-test the nearest support level at the Previous High (P. High)
@ 22.40$ roughly at this price we wait for "buy signal after confirmation".
Scenario Three: Re-Test the Institutional Candle price level at 19.80$ since the stock is side-ways movement and still not breaking this forever zone this option is highly valid !
Note: "buy signal after confirmation" Means that:
We have two scenarios must happen at The Mentioned Zone:
Scenarios One: strong buying volume with reversal Candle.
Scenarios Two: Fake Break-Out of The Buying Zone.
Both indicate buyers stepping in strongly. NEVER Join in unless one showed up.
Trade ativo
Nearby to reach the Target
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.