Intel forms a cup do i hear a handle??Basic analysis of a promising cup and handle formation, firstly I believe tech stocks will hold this market up during this period of uncertainty, and Intel is a great example. With this bullish formation, after a small pullback to form the handle Intel is setup for a nice run. I might go long on this.
INTC
"Intel on a critical level' by ThikingAntsOk4H Chart Explanation:
- Price is on an Ascending Channel.
- It is on the Bottom of the Channel, close to the next Support Zone.
- From here, price may take two ways: 1) start an up move that should take it to the All Time Highs Level; 2) break down the Channel and go towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Intel: potential up movement coming" by ThinkingAntsOkWeekly Chart Explanation:
- Price broke the Resistance Zone (All Time Highs Level).
- In lower timeframes, it is on a correction.
- We are sending signals this week to trade this instrument towards the Fibo Zones in case we consider the up move has started.
Updates coming soon!
Amd Bounce coming upI know a lot of you guys are probably confused why AMD played you for a fool this morning with the pop and drop.
But with two new products out and all these hype, it may as well just be a opportunity to double down instead lol.
Small Entry $47.50 area,
may add more at 47.10
Stoploss 46.75
Exit 48.50
$INTC Bullish Consolidation Before Possible BreakoutAs this week of trading is nearing an end, I wanted to share another potential trading setup I've had my eyes on. In this setup we're looking at Intel Corp.
Back in late 2014/early 2015 this instrument began consolidating into an ascending triangle (bullish continuation pattern) and sure enough, price broke through the top side of the triangle and continued heading up to the point we're at now. Following the breakout of the previously mentioned ascending triangle, we can see price is now consolidating into a rectangle.
The 200 EMA has been resting comfortably below both setups as added support - giving me more conviction that we're about to see another break upwards.
I'm looking for a clear break and close above the $59.50 (dotted purple line) area.
Price is attempting to break that boundary with this week's 1W candle close.
If we get a clear close above this chart pattern boundary, I'm targeting price to reach previous all-time highs around $72.50
I hope everyone is having a great holiday season.
If you found this idea informative or helpful in any way, please leave a like or comment to let me know!
Cheers
INTC IslandsIslands form when 'prices gap up to the formation and then gap down at the same price level' this is what traders would call an island top, where the initial breakout is upward, forming the island seen, and then a drop back down to the water follows so to speak. With a 23/23 success rate in a bull market according to 'Encyclopedia of chart patterns' islands are a reliable way of picking possible reversal points.
INTC Cup and handle?Looks like a cup to me, whether the handle forms or not is another question. Waiting for a lower entry is the best bet if following this chart. The bull trend will continue very strongly after this development. Intel is creating some very powerful processors and investing in AI development, these fundamentals are promising for the future of the company.
$INTC: Explosion pattern signal#INTC flashed a big trend signal in the daily timeframe here, explosive upside potential. Risk is $1 per share roughly (stop at 57.75) to make up to $6.06 per share in 11 days. With China changing their stance on IP theft over the weekend, a big trend in equities can fire here. Trump more likely to get to a trade deal resolution soon (or that is what market participants anticipate, judging by price action).
On the flipside, valuation for $INTC is quite good here, and I would favor trading on the long side on the way up, for as long as $SPX keeps trending up. (there's a long term bullish forecast that recently was confirmed, implying the stock market will advance intensely in the coming months, until 2021 pretty much, see related ideas for the post I made anticipating this a while back).
If you want to get real time alerts to join all my trades, be sure to check out my FB page, it's in the signature field below.
Cheers,
Ivan Labrie.
$Intel going down.At the time of writing, Intel stock, $INTC is trading at 58.66. Maybe it will even reach 60, though I don't think it is highly probable. In my opinion, even if it will go up in the short term, within about 1-2 months it will go back to ~50. I am expecting that in 3-4 months, after their next quarterly report, it will drop to the main support, at around 45.
The motivation for this expectation is that the company is quite in a bad spot honestly. The attack from the competition ($AMD) on it's CPU division is extremely strong. Everyone knows this, but still they showed good results in Q3, quite unexpected results. Considering that the competition sold it's products so strongly from 7 august until now, makes it very hard to believe Intel had such good earnings. In my honest opinion I think the Q3 results were slightly faked "cookie jar style".
Cookie Jar faking of quarterly reports consists of under-reporting previous quarterly reports, when sales were very good, and over-reporting when sales are bad, in order to prevent destabilization of the stock. This way there is no net fake gain, and thus very hard to prove.
Either way, since the Q3 results, the company has risen quite considerably. What I think that other investors don't understand is that even so, their earnings, as presented, were mainly good because of the enterprise sector. Currently Google and Amazon, a quite significant chunk of the enterprise sector, is changing boat, from Intel to AMD, they have publicly declared this. Most of the reason is that the competition is now more power efficient, better performance and also cheaper. Intel needs to really up their game, and put some money into research. At any rate, for the next 12 months -at the minimum- it will be downhill for them.
In my opinion, their Q4 results will definitely get influenced negatively. I don't understand exactly how the stock is still going up, but I am presuming it has somthing to do with their 11 billion in stock buy-back they plan to do. Artificially maintaining the stock, causing a "bubble" to form. But when a new bad/embarrassing news will hit (AMD benchmarks), like other new products from the competition that cost half the price and perform 20% better, the bubble will pop.
Based on this, I currently have opened a few Sell positions on Intel. If you are pro-intel, after all this, then kudos to you, but in your shoes I would put my stop-losses accordingly.
INTC - Pulling back after filling gapAn update from my previous INTC post on October 24th. The price has continued moving higher since the positive earnings announcement but the price seems to have been rejected right at gap resistance. Just have to wait and see where the stock can find support. I'm looking around $54.80 which is the 100% Fibonacci Extension level.
AMD Imminent BreakoutAbsolute stunner for technicals, all indicators point to a breakout above a 20y-old upper trend-line, including a run for the all-time-high (later). At this point it's difficult to say how the stock will behave after the run, or where that run will stop or consolidate respectively. But for now it's all about the stock sitting on top of the 'weekly' Heikin Ashi Average and is aiming at that 'weekly' PSAR point (perfect straight series!) right above it which is very likely to break this week. As mentioned in a previous analysis, the stock creates recurring higher highs, sits on top of all MA's and is therefor rated strong-buy .
INTC - Earnings After CloseThere was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or a breakdown.
LONG - INTC- Trading Opportunity1D Bull Flag breaking out, simple stock trade with 1 take profit.
Entry: 51.47
TP 1: 56.66
SL: 46.54
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