INTC
INTC: Possible Long scenario for October
This is a quick analysis for INTC for the coming period (October) - and a possible scenario that may pan out in favorable conditions
The reason i'm looking at INTC is because i entered long right before the last earnings. The market had a very negative reaction to INTC's earnings announcement regarding product delay - and the stock lost almost 17% next day - so we're now left with a losing position
how to repair
if you trust the stock for the long term (i do for INTC), then an easy strategy to repair the position is to average down the cost then sell Out of the Money Covered Call against the shares -and basically try to break even or even capture some small profit. so i did add to the position and you can see my final avg cost price on the chart - before i sell the CC (was looking at the $56 strike for Nov), i thought to make another round of analysis of possible price projection for next few weeks.
the chart looks bullish - after the earnings drop, INTC went thru 2 phases
1 - against a bearish sentiment, INTC held a price range and the sell-off started to reverse (interesting!)
2 - starting around Aug 11, a "buy pressure" started to build up with a positive reaction from the stock (price moving up to the "next range") - also both momentum and sentiment reversed to positive
this view shows a possibility of an incoming breakout - which would be confirmed if INTC can break the $53 level, then re-test then moves up - my next projection would be to the $57 level
The weekly chart seems to support this scenario - and if that's the case, selling the covered call would be a mistake, at least not now with a move up expected - and we should just hold the long for now and re-evaluate in couple of weeks, given how volatile the market is these days.
this is just a quick view of one possible scenario - your view may differ from mine and that's totally fine, and the actual scenario that pans out may be totally different too - so let's kep an eye on this :)
good luck!
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How do i read this chart setup
we look at the price action (top chart) and recent key S/R price levels, plus the insights from 3 key elements: momentum, sentiment and buy/sell pressure
- the calculated short-term price momentum is shown by the UTO blue/amber line
- the long term sentiment is represented by the UTO Green/Red area graph - the demand/supply pressure is expressed by the v.viewer green/red area graph - let's call these "the context"
How do i trade this chart setup
- the Basic rule: nothing can predict what happens tomorrow - but if no external catalysts interfere, it's *highly probable* that a price move with strong momentum that's in alignment with the broader context (sentiment and buy/sell pressure) would continue in the same direction (e.g., a breakout).
INTC in a world of overvalued tech stocks how could this happen?With tech stock P/E valuations going in to triple digits (Looking at you TSLA). How can company like Intel be so hated and overlooked here? It's undervalued both fundamentally and technically. Sure the company is going trough a bit of a rough patch, but c'mon P/E at 10 for a triple A tech company. I mean It's as simple as it gets, buy LOW sell HIGH. And this is as LOW as it goes.
INTC 200 weekly EMA bounceWeekly technicals on INTC looking bullish. Potentially a safe haven with good debt to FCF and a 2.6% safe dividend. I see this as a pre-anticipatory buildup for earnings bouncing off the weekly 200 EMA with a rising wedge into resistance. MACD histogram turning bullish, rising bullish volume and rising Stoch. Disclaimer: I am a long term holder of intel.
INTC Intel could break out to 200sma any momentIntel has been doing slightly higher lows and was making a higher high just to pullback deep again and consolidate there while finding support on the 4/1 gannfan line ($48.94) -Very soon intel should retest the near 200 sma line levels at around $54.53 levels which would be the middle line of the trend channel of gannfan but it could also consolidate around 2/1 and 3/1 gannfan lines for a while until it does this. The pullback overall found support at 0.236 levels so the next move will unlikely go above $54.53 levels which is 1.272fib level right away. For intel to turn into an uptrend it has to pullback after going to those fib levels first and then break 200sma retest it and continue its uptrend from there and that will take a while
INTC has a good probability to rallyINTC
Recent news about buyback and with new tech coming out in 9/2. I think the odds for a jump are greater than the opposite.
We will see.
INTELIntel Corp INTC
This firm has recently suffered a blow, among other things due to the competition it has with AMD and its delay in the delivery of a new technology. Today we see a pattern that could be interesting.
We follow her closely !!
TSM new Intel cpus manufacturer BREAKOUTTSM new Intel cpus manufacturer Possible BREAKOUT
Ascending triangle, bounced on the resistance.
PT 88
TSM is the only undisputed winner btw Intel/Amd competition.
Stop loss if market crashes
if u like the idea or you dont please comment or like it xD
INTC needs to catch up.$INTC took a big dip and is definitely on a support. Big news released 9/02. Release of the generation 11 chips, renewed logo, and partnership awards.
My Plays:
9/11 53 Calls
10/02 51 Calls
INTEL BREAKOUT|CLOSING GAP|TRADING PLAN
X Intel has gaped down massively
X Market moving higher=great help
X Today breakout>>>
X IF todays candle closes ABOVE the level=breakout is confirmed>>>
X Long with options for gap closure
X Targets on the chart
LIKE & SUBSCRIBE= CARMA BOOST
INTC this chart is ready to make a solid move INTC this chart is ready to make a solid move as long as it hold the 50$ trend line
Breakdown of Semiconductors Simple view of this critical sector breaking through key technical trendlines.
Our first bearish sign was the break earlier in August, which held, and rallied back above the original broken trendline. That quickly stopped as momentum ran out, and it's now breaking through multiple trendlines with bulls at max long. This can potentially fall significantly given the overweight bullish positioning and the stretched overbought price.
Intel Corp Long$INTC is at a 10 year monthly support and looks and ready to reverse now, minimum targets of $65+ on this.
Long Entry: $49.50
Stop Loss: $44.50
Price Target: $65
Option Play Idea
$INTC Jan15, 2021 $55c @ $1.80 targeting $10+ for this option play
INTC: Potential Long Term Buy SetupCurrently Intel stock (INTC) is ranging within the demand zone. I will long INTC in two steps:
Entry 1: At current price ($48 to $50 range).
Entry 2: At $42 to $43 range.
Target: $70 (Psychological level).
Momentum vs AMD - crossing out of oversoldIn this case an increase is seen if either AMD lowers or INTC rises (or both). momentum seems to suggest that we are going to see prices end up in the fair zone from INTC's overbought/AMD oversold.
Blow up soon Still keeping eye on this stock. You can take a look at the chart, lower trendline indicates that buyers are more aggressive than sellers. In a perfect world, you want it to break and close above $50 prior to entry. A longer expiration is recommended if you decided to enter. Good luck :)
INTC : Unpopular opinion, Intel only go up.Unpopular opinion : Intel only go up.
You are not going to short at a mega-monthly support ,are you ?
This is where those bald-headed suits ,hedge funds managers ,and bankers steal your money.
Don't believe what their low IQ analysts says in their un-watchable media .
Intel is here and will remain here for a while .
Triangle formed on Intel 500 pips to the upside?Symmetrical triangle formed, looks like we're in wave D with plenty of upside.
Target around 5800.
INTC increase in short positionsTypically preceding a large shift in price (in either direction, it seems), this signal has likely been breached again. One should, however, themselves calculate the correlation of this effect before employing this strategy (I may at a later date).
INTC - Crosses over lower Keltner channel Intel Corp ( NASDAQ:INTC ) was one of those stocks that recently dipped post earnings. Adding fuel to that fire, was a recent departure of one of their engineering executives and a securities class action lawsuit. At that time we posted an article called "Buy the Dip?" Where I was talking about how it would better to wait for price action to come back into the lower keltner channel before considering any long positions on INTC. However a few weeks have passed since the dip and now the stock has crossed into the lower keltner channel. Usually, when a stock goes through a big dip I have found that it will begin oscilatting between the Keltner channel bands sometimes extending into the bollinger bands. So. I would like to see if INTC goes up to the upper keltner or bollinger bands within the next week.
