Intel will have another chance to breathe life into its dropping stock when it reports its third-quarter results on Thursday, Oct. 21.
Our Analysis:
As long as the price is above the 52.50 level, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 54.36
- Take Profit 1: 56.50
- Take Profit 2: 57.50
Alternative scenario:
If the level of 52.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 52.50
- Take Profit 1: 50.90
- Take Profit 2: 49.90
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