A trade plan for Intel (INTC) , currently at $117.08 after a sharp -8.36% drop.

$INTC ‌#TradFiCFDGoldMasters

1. Key Levels

· Resistance: $118.42** (after-hours high) → **$124.24 (Bollinger Middle) → $126.71** (SuperTrend) → **$128.70 (today's high)
· Support: $116.00** (today's low) → **$116.89 (Bollinger Lower) → $98.33 (next major support from chart)
· Current Price: $117.08 (after-hours +1.14%)

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2. Indicators

· MACD: Bearish (-1.56), with DIF (0.87) well below DEA (2.44) → strong downward momentum.
· Bollinger Bands: Price is below the lower band ($116.89) → oversold condition, but can stay oversold in strong trends.
· SuperTrend (10,3): $126.71 → price is far below it → strong bearish trend confirmed.

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3. Trade Scenarios

A. Bearish Continuation (Breakdown)

· Trigger: Price breaks below $116.00 (today's low) with volume.
· Entry: $115.50 (short or put option).
· Target 1: $105.20 (from chart Y-axis)
· Target 2: $98.33 (major support).
· Stop-Loss: Above $118.50** (tight) or **$124.00 (wider).
· Risk/Reward: ~1:3 (risk $3 → aim $10+).

B. Oversold Bounce (Counter-Trend)

· Trigger: Price holds $116.00–$116.89 and forms a bullish reversal candle (hammer, engulfing) with MACD showing slowdown in bearish momentum.
· Entry: $116.50–$117.00 (limit buy).
· Target 1: $118.42** (after-hours high) → **$124.24 (Bollinger Middle).
· Stop-Loss: Below $115.50.
· Caution: High-risk; only for aggressive traders with tight stops.

C. Breakout (if recovers above SuperTrend)

· Trigger: Price reclaims $126.71 (SuperTrend) with strong volume — unlikely in short term.
· Entry: Above $127.00.
· Target: $128.70** → **$131.60.
· Stop-Loss: Below $124.00.

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4. Risk Management

· Position Size: 1–2% account risk max (higher volatility = smaller size).
· Wider Stops Needed: Intel dropped ~8% in one day — use $3–$5 stops to avoid whipsaw.
· After-Hours Caution: Low liquidity; confirm in regular session.

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5. Execution Plan

Scenario Entry Stop Target 1 Target 2
Bearish breakdown Below $116.00 $119.00 $105.20 $98.33
Oversold bounce $116.50–$117.00 $115.50 $118.42 $124.24
Breakout (unlikely) Above $127.00 $124.00 $128.70 $131.60

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Final Verdict

Strong bearish bias — price is below SuperTrend, below Bollinger lower band, and MACD is accelerating down. Preferred trade: short on break below $116.00. If long, only as a scalp bounce with very tight stops and quick profit-taking. Wait for regular session — after-hours moves are unreliable.