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Is INTEL CORP exhibiting signs of a major bottom?INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend. Is it dead though? Here is what the chart is saying: Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85. This range could be a bottom formation . See also the double bottom on the chart. Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (31) could confirm a change of trend and a long trade/investment. Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, it will be time to initiate a long position. Note that there was a lot of institutional buying in February 2023. On watch.
NASDAQ:INTC
by Elpidaldo
BITCOIN (BTCUSD): Waiting For The Next Move ₿ Bitcoin is consolidating after a sharp bullish rally. The price is coiling within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish If the price breaks and closes above 28950 on a daily, I will expect a bullish trend continuation. Target will be 31000. Bearish If the price drops and closes below 26300 on a daily, a bearish move will be expected. Goal will be 24300. Because the trend is bullish, I am on a bulls' side as well. However, let's see what will happen. What do you expect? ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
6
Gold -> Wait For The Break!Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently retested a quite strong previous weekly resistance area exactly at $2000 and already rejected this zone towards the downside. You can also see that as we are speaking Gold is retesting previous weekly resistance which is now turned support exactly at $1945, overall market structure is also still bullish so I am now just waiting for a clear break above the $2000 resistance and then I do expect more continuation towards the upside. On the daily timeframe you can see that Gold is currently stuck in between the $2000 resistance and the $1945 support area - as long as the market remains between those two zones there is no clear trading setup so I am now just waiting for a clear break above the $2000 resistance followed by a retest before I will then probably enter a long to capitalize on the next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
44