After hitting & reversing off the key 43.00 support level to print a bullish engulfing candlestick yesterday, INTC (Intel Corp) will trigger a long entry for a swing trade and be added as an official Long Trade Idea at the open today.
- INTC 60-min May 24th
- INTC daily May 24th
The price targets for this trade are T1 at 45.81, T2 at 48.16 and T3 at 49.94. The suggested stop for this trade is any move below 42.86 and the suggested beta-adjusted position size is 1.0 (i.e.- a typical position size).