
A new buying opportunity for Intel stock is coming soon
Intel stock is still moving in a sideways direction.
So far, all signs point to consolidation, which means we are expected to see
a long-term upward trend.
Buying Scenarios
Currently, there are several scenarios for buying the stock.
The first scenario: A reversal to the demand areas from which it had previously risen.
These areas are still strong, as the stock has been able to
form new demand areas that overlap with the same previous areas.
Therefore, these areas are still available for buying again.
The second scenario: A buy if the current supply (resistance) areas
are breached and a daily candle closes above them.
Then, the upward trend is expected to continue,
reaching the specified targets at levels 29, 32, and 34, respectively.
In general, the stock is a buy-only option for now,
so it is best to be cautious about selling and focus more on buying the stock.