The stock of Intel is bound to move

The stock of Intel is bound to move

Trade ideas

BUY $58.00; TP $59.50; SL $57.70

SELL $54.90; TP $53.50; SL $55.20

The stock of Intel jumped last week above $56 propelled by the strong earnings report. Given the favorable fundamentals, there are all chances that Intel will be able to go even higher, to the $59.50/$60.00 area. 

The technical picture also looks well. Firstly, the only resistance on the way is at $57.80 (April 2018 high). Secondly, the price broke above the big triangle (now providing support at $53.20). The question now is whether the stock will try to correct down after its rapid advance or consolidate for a longer period of time. Yesterday, the attempt of bears to pull the price lower was met with demand at $55.60, but a decline below $55.00 would make it vulnerable for a slide to $53.20 (this scenario is also viable as the price action on the W1 resembles a bearish harmonic “Gartley” pattern). At the same time, the break above $57.80 will be a bullish trigger, although we may have to wait for some time for it to happen. 

You can trade stocks with FBS using MetaTrader 5.

Intel.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera