A new analysis of Intel stock and the best buying zones

A Strong Opportunity for Intel Stock

 

Intel, the tech giant, continues its strong upward trend.

Currently, the stock is experiencing some profit-taking corrections.

We expect to see a return to the upward trend soon,

if it tests the identified demand zones on the chart,

which are located at the $35.77 level, considered 

the best current buying opportunity for the stock.

 

Expected Buying Targets


If the identified demand zones on the chart are tested,

a rise to the previously identified targets is expected,

which are located at the $39.40 and $43.40 levels, respectively.

However, if a full bearish candle breaks and closes below the demand zones,

the bullish outlook will be invalidated, 

and we may see a continuation of the decline.