$INTC In Do or Die Area

1 Mar 2022

As you know, we are in a volatile market so taking any trade for more than a few hours or days is taking too much risk. On INTEL we are in a DO or DIE area here. If price drops below the lower support area, who knows where the bottom is? I'll take a short if dropping below. If the market firms up, this could easily rise to the supply zone overhead. I'm really only trying to show where support and supply are on this chart. You can figure this out on any stock / chart by going to at least a weekly time frame (Monthly is worth looking at too) find the major high(s) and major Low(s). Once you do, you've found the market structure for that stock. You can expect trading to take place in that range unless it breaks structure and breaks down and out or up and out. It's also best to wait for a re-test of that break to avoid getting shaken out of the trade. I hope this helps. Not trading or investing advice.