We are approaching the bottom on this parallel channel in Intel.
We have a bullish divergence on the 4h chart and I believe right now would be a good time to buy Intel and set a stop loss if this pattern falls from the purchase point.
The selling point would be at $51.49 for this channel to take profits. I don't personally believe we will be falling below this because of the bullish divergence on the W%R since it represents oversold and ober bought conditions.
Honestly I am pretty confident with this trade and am excited to watch it play out.
If you have any questions about this analysis please let me know over on twitter @Keifer_Coggin
P.S Not financial advice, please invest responsibly.
We have a bullish divergence on the 4h chart and I believe right now would be a good time to buy Intel and set a stop loss if this pattern falls from the purchase point.
The selling point would be at $51.49 for this channel to take profits. I don't personally believe we will be falling below this because of the bullish divergence on the W%R since it represents oversold and ober bought conditions.
Honestly I am pretty confident with this trade and am excited to watch it play out.
If you have any questions about this analysis please let me know over on twitter @Keifer_Coggin
P.S Not financial advice, please invest responsibly.