Hello Traders,
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
INTEL (Ticker @ NDX: INTC) is working his way to the upside.
The stock is advancing since his low @ $24.59 on October 13, 2022. On Friday's session, the stock touched a multiple resistance area around $36.60! The stock is also shy before to set a new 52-weeks high!
Trading-Idea: A break of this cited range @ 36,60 to the upside, opens the door to 37,19 and above a gap-close would be in the cards (from 36,96-39,04, open/close basis)!
Entry: with a break off the black resistance-line @ 36,60 or wait for a break of 37,19 with targets at 39,71! A "stop-loss" level is difficult to identify, `cause the "chance to risk" ratio is not attractive by taking an SL @ 32,35!
So I would set a "stop-sell" order @ this level for an option trade (or as per your own money management) and in case of a positive development within the trade, I recommend setting the SL-level to entry @ $39.71!
Take profit could be here too. More bullish potential in the trade is at hand!
Any thoughts to this idea?
Feel free to comment!
Have a great weekend.....
Ruebennase
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.