INTC - Oversold Recovery
SWING TRADE
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47.01
Risk Reward: 2.53
INTC showing signs of a reversal in its recent drop
Reasons:
1. Crossing of 9 & 50 MA
2. Support found at COVID levels in Mar
3. Bullish engulfing candle
4. Breakout of falling wedge
5. Recently crossed up RSI 30
6. Price and MACD Divergence
Entry: 49.08
Target: 54.31
Stop Loss: 47.01
Risk Reward: 2.53
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