Intel nabs huge Apple chip deal — ride the momentum on the next pullback
Thesis
Intel just scored a massive win by securing a deal to produce chips for Apple domestically. The stock surged immediately on the news, reflecting strong market enthusiasm. Because this deal validates Intel's turnaround strategy, the positive sentiment could keep pushing the stock higher over the coming days as more investors process the announcement. A good approach is to look for a slight dip as early traders take profits, and then ride the next wave of momentum upward.
Strategy approach
Build a momentum-pullback strategy that enters long INTC on the H4 timeframe. Entry conditions: price is above the 50-period SMA, RSI(14) dips below 60 but stays above 45, and MACD histogram is positive. Exit when price closes below the 50-period SMA or after a 10-bar holding period. Use a 4% trailing stop.