All righty Folks, today we’re gonna take a look at ticker symbol IMTC Intel Corp. And we’re coming into a trade with a little bit of a bullish bias starts around Feb nine ends on around Feb 24 88% win rates over the last eight years. So let’s take a look at the chart and why this is of interest. So over here on the weekly chart that I’m working off of right, now let’s move this over, you can see that we’ve got this long term area of support structure on the 4655 level. So this is the area that we last formed this low before we blasted off to new highs have not seen this area since December of 2020. So now that we’re well, past a year or so to that mark, you notice that we came back down here a couple weeks ago, tagged that area to the tick here at 4660. And now we’re trading around 4818 today pretty much unchanged to start the week off, but now we’re looking at a potential buy trade. Why not only because we do we have this long term support structure that we tested. We also have the bullish bias that we pointed out right here. So now we wait Watch and see. And we’ve got a trend line here I’m pretty big on trend lines using just for extra confirmation, extra Confluence we have an intermediate term trend line here. So these are all areas I can keep comprise contained, if you will a bit until we break start breaking out but I’ll be looking for buying opportunities would not be totally surprised the market comes back down and retest this area right here possibly even taking out these lows to create new lows before we try and get an up leg back higher. So there’s a couple different ways to play it. We looking for prices to come back down in here. So I’m going to set alerts here at 4650 ish. Or I’m going to set alerts back above right around here. It’s not exact I just want to be alerted if price gets back above this trendline we know that we may have intermediate term resistance here, backup of the 50 however, we can clear all that I’ll be looking to sell bull put credit spreads targeting these highs at 55
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