Intel stock price forecast first quarter of 2021
19 Jan 2021
As explained in a previous Intel Stock forecast shared with you last 17th November 2020, to many investors’ surprise, Intel stock (NASDAQ:INTC) had been beaten up badly in the last months of the year 2020. In that supply and demand stock analysis,, not too many traders would know why Intel stock couldn’t drop below the $42 price level. Many short-term and intraday day traders were thinking of selling short Intel stock thinking that the momentum had “turned” against the company.
Let me share with you a screenshot of Intel stock analysis shared with you last November 2020. A monthly demand imbalance had taken control and sell short shares of Intel stock was not a good idea. At Set and Forget trading community we had a bullish bias, a bullish arrow was even painted on the chart telling us that only longs were allowed.
Most short-term and intraday stock traders looking at the smaller timeframes would have thought that going short was the right way to trade at the time because the momentum of Intel stock was bearish. Stock directional trading on stocks is critical. If price action analysis and supply and demand are added as tools in your trading arsenal, you will see things in the stock market that have always been there but you were unaware of.
Intel stock price 2021
Let’s have a look at what has happened since last November 2020 on Intel stock (NASDAQ:INTC). Find below Intel stock weekly timeframe. Intel has rallied from $46 to $60, a 31% increase even since Intel stock analysis was shared with you. We can see the weekly timeframe below showing a new imbalance created around $48 where longs could be possible if the uptrend holds.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves. This game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen. And wait for price to pull back or dip into the price levels we want to trade, in our case. These price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
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