The beginning of a new year is a good time to look for lagging stocks that could be on the cusp of a rise. One of the cheap technology stocks that stand out is Intel.
Our Analysis:
As long as the price is above 51.70, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 55.20
- Take Profit 1: 57.50
- Take Profit 2: 58.80
Alternative scenario:
If the level of 51.70 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 51.70
- Take Profit 1: 49.40
- Take Profit 2: 48.00
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