Intel - Reversing to the upside!

Hello Traders and Investors, today I will take a look at Intel.

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Explanation of my video analysis:

On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce.

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Keep your long term vision,
Philip (BasicTrading)