This is a new approach I am trying, and for now there is no real money involved.
The impulse is green on Intel. Price gets attracted by strong S&R levels. On a smaller time frame, there is a corrective double bottom that I labeled on the chart.
The close today was strong, and chances are that tomorrow the rally will continue. The virtual stop is below today's low. Targets are a bit below important highs.
I think Intel will go higher than that, but this is how I see the trade. It's a paper trade.
The impulse is green on Intel. Price gets attracted by strong S&R levels. On a smaller time frame, there is a corrective double bottom that I labeled on the chart.
The close today was strong, and chances are that tomorrow the rally will continue. The virtual stop is below today's low. Targets are a bit below important highs.
I think Intel will go higher than that, but this is how I see the trade. It's a paper trade.