Reasons for bullish bias:
- Price bounced from strong support
- Strong bullish divergence
- Entry at LH breakout
Entry Level: 27.81
Stop Loss Level: 23.06
Take Profit Level 1: 32.56
Take Profit Level 2: Open
In a strategic move towards revolutionizing the automotive industry, Volkswagen ( GBEBROKERS:VOWG ) has announced an expansion of its partnership with Mobileye ($MBLY.) to integrate cutting-edge automated driving technologies into series production vehicles. This collaboration marks a significant step forward in Volkswagen's commitment to enhancing safety and...
Intel stock rose an impressive 2.8% on Tuesday taking its price to $52.44, and its overall growth in 2021 to 5.3%.
Any pullback and close of the gap from the good news Tuesday will be perfect entries for a stock that can rally with the Nasdaq now Omicron fears are subsiding.
The rise was fueled by the news that Intel was filing an IPO for Mobileye a producer and...
The chipmaker said it would be taking public its Mobileye self-driving-car unit.
The initial public offering of Mobileye in the U.S. is planned for the middle of next year.
The move could value Mobileye at more than $50 billion, Intel being the biggest shareholder.
My short term price target is the 59usd resistance.
Looking forward to read your opinion about it.
I'm looking to buy again around the $1.80 area. We still have a gap to fill. With the recent collaboration with Mobileye we definently have potential to reach the $2.90 range.
Best of luck to everyone.
