Above 52 it's a buy
INTC is approaching the .618 Fib from the all-time high during the dot com bubble at 52. Also it is following a downward trend line it can't break since July 2020. Look for it to break that trendline, then hold 52 to buy.
Note how it has held the .5 retracement from the all-time high since Dec 2017.
Tight stop loss: If it can't hold 52, the trade is wrong. However, if you give it more room, 44 is the floor, so below that it is definitely wrong.
Note how it has held the .5 retracement from the all-time high since Dec 2017.
Tight stop loss: If it can't hold 52, the trade is wrong. However, if you give it more room, 44 is the floor, so below that it is definitely wrong.
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