FREE VIP SIGNAL 🕯 SHORT (SELL) 🔽 Intel (INTC) 🇺🇸 ⚠️ HIGH… — 🇬🇧 SmartTrader TRIAL - Fundamental Market Research & Analysis

🇬🇧 SmartTrader TRIAL - Fundamental Market Research & Analysis@trial_smarttrader · 12.4K subscribers Open in TelegramOpen

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SHORT (SELL)

Intel (INTC) 🇺🇸
HIGH Volatility; 1/2 trade size
TP @: (ONLY VIP )

Recommended Entry Range 90.70 - 91.30

► We saw a strong start to trading in chip stocks, including AMD - where we expect resistance near 475.00 and believe AMD could turn negative later in the session - as well as INTC.

► AVGO also has correction potential and is currently trading higher, additionally supported by an upgrade from JPMorgan - similar to AMD.

► NVDA, on the other hand - the stock that should actually be trading meaningfully higher - has given back its pre-market gains - which is another sign that points to more profit taking to come.

► We expect further profit taking in chip stocks and see INTC with an elevated risk of profit taking here.

► We are trading against the market here and are not rushing into chip stocks. Instead, we expect chip stocks hitting resistance and increased selling.