The stock of Intel is bound to move

The stock of Intel is bound to move

2019-11-11 • Updated

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

Key Moment For The US Stock Market
Key Moment For The US Stock Market

For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.

What to trade on May 9-13?
What to trade on May 9-13?

It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

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

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!

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