Buying Intel..?

2022년 10월 20일

Intel Corporation - 30d expiry - We look to Buy a break of 28.02 (stop at 25.88)

We are trading at oversold extremes.
In our opinion this stock is undervalued.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
The RSI is trending higher.
Bullish divergence is expected to support prices.
We need to see a break of bespoke resistance (at 28.00) to confirm the positive outlook.

Our profit targets will be 33.69 and 36.69

Resistance: 27.00 / 28.00 / 30.00
Support: 25.50 / 24.50 / 23.00

Disclaimer – Saxo Bank Group.

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