INTEL CORP (INTC) RSI+MACD+STOCH FIB RETRACEMENT TA TRADING ๐Ÿ’ก๐Ÿ“‰

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I developed a personal trading strategy on INTC to setup a trading buy scenario.

What are the different indicators Showing?

MACD:

  • EMA's crossed, no sign early retracement bounce
  • !!! market uptrend could have turned into a downtrend, but we need more confirmation

    RSI:
  • Market is globally in an uptrend but RSI looks like its crossing the 50 line towards a downtrend, so there may be no retracement bounce
  • INTC is accordingly to the RSI not overbought nor underbought, confirmation to come

    STOCH:
  • STOCH looks like it's going towards its underbought level, I would wait till both lines cross the underbought level

    What is FIB/Graph saying

  • Previous retracements reversed at around 50% to 61.8% fib level
  • I expect this retracement (if last retracement wasn't a trend reversal) to reverse around the same levels.

    Intel Corp. as long term: ๐Ÿ“ˆ๐Ÿ“ˆ

  • Intel will definitely hit a 100$ in the future, with a lot of new big upcoming projects
  • For example: a crypto mining dedicated CPU


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์ฝ”๋ฉ˜ํŠธ
Scenario 2: Last retracement was a reversal
"I expect this retracement (if last retracement wasn't a trend reversal) to reverse around the same levels."
์ฝ”๋ฉ˜ํŠธ
INTC bounced on lower support
Chart PatternsHarmonic PatternsINTCintelintelcorporationLONGshortTATrend Analysis

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