I want to place my first trade today, I'm thinking I'll buy intel (intc) at its 52 week low of 21.75. Despite last fridays low trading day:
1. I think that the 52wk low will act as a support level for intel
2. The hammer at around 4:00 last friday will signal a bullish trend for todays trading
What do you think ?
Thanks for all posts
I didn't even looked at the chart but what if it goes to a 60-70-100 weeks low ? why 52 ? gl anyway