CNY Analysis - INTC!
Price action (10 Feb 2024)
- Cup formed in Dec
- Handle well formed with good support at current levels 41/42
- 43 to 52 has some fair amount of resistance
- Cup and Handle target is up at 68
Bullish
- Handle breakout of 48 and then 52
- Patience as MA5 yellow basing now and should cross MA20 around 44/45 if bullish
Bearish
- If not, then nibble down to 38 where the next bottom is found
My plays
- Had been nibbling into shares in small amounts around 41
- Will continue to nibble all the way down to 38
Good luck,all!
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