Overview of Recent INTC Performance
Intel Corporation (INTC) experienced significant positive momentum following its gap-up breakout on September 18th. From the closing high on September 17th to the closing high on October 28th, the stock delivered an impressive gain of 67%.
Subsequent Pullback and Technical Retracement
After reaching its peak, INTC underwent a pullback of just over 19%. This decline represented a 50% retracement of the prior advance, a common technical milestone. During this period, the stock briefly dipped below its 50-day moving average (DMA), a level often regarded as a key support by technical analysts.
Recovery and Position Initiation
Today INTC reclaimed both the 50-day moving average and the 20-day exponential moving average (EMA). Additionally, the stock broke above its downtrend line, signaling renewed strength. In response to these technical developments, I initiated a half-size position in INTC, setting a stop-loss just below the day’s low to manage risk.
Risk Management and Investment Disclaimer
Readers need to conduct their own analysis and adhere to their personal trading strategies. Please remember that all investments involve inherent risks. Making informed decisions is crucial when allocating capital in the financial markets.
Intel Corporation (INTC) experienced significant positive momentum following its gap-up breakout on September 18th. From the closing high on September 17th to the closing high on October 28th, the stock delivered an impressive gain of 67%.
Subsequent Pullback and Technical Retracement
After reaching its peak, INTC underwent a pullback of just over 19%. This decline represented a 50% retracement of the prior advance, a common technical milestone. During this period, the stock briefly dipped below its 50-day moving average (DMA), a level often regarded as a key support by technical analysts.
Recovery and Position Initiation
Today INTC reclaimed both the 50-day moving average and the 20-day exponential moving average (EMA). Additionally, the stock broke above its downtrend line, signaling renewed strength. In response to these technical developments, I initiated a half-size position in INTC, setting a stop-loss just below the day’s low to manage risk.
Risk Management and Investment Disclaimer
Readers need to conduct their own analysis and adhere to their personal trading strategies. Please remember that all investments involve inherent risks. Making informed decisions is crucial when allocating capital in the financial markets.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。