$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
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 $54.80 which is the 100% Fibonacci Extension level.
AMD Imminent BreakoutAbsolute stunner for technicals, all indicators point to a breakout above a 20y-old upper trend-line, including a run for the all-time-high (later). At this point it's difficult to say how the stock will behave after the run, or where that run will stop or consolidate respectively. But for now it's all about the stock sitting on top of the 'weekly' Heikin Ashi Average and is aiming at that 'weekly' PSAR point (perfect straight series!) right above it which is very likely to break this week. As mentioned in a previous analysis, the stock creates recurring higher highs, sits on top of all MA's and is therefor rated strong-buy .
INTC - Earnings After CloseThere was a gap down back on April 26th following a disappointing earnings release. Since then, the price has been unable to break above the resistance line created by the gap down. The price was rejected at this level for the third time but there is also an ascending triangle pattern forming. Depending on how earnings are taken there will either be a breakout or a breakdown.
LONG - INTC- Trading Opportunity1D Bull Flag breaking out, simple stock trade with 1 take profit.
Entry: 51.47
TP 1: 56.66
SL: 46.54
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INTC possible cup and handle INTC has painted a perfect cup and handle pattern for us, as you can see we have closed right at our pivot point so we should see some type of breakout or rejection from this level..Ill be looking for a break of 48$ to enter my long position with my first target being 49.50 with a final target around R2 or 55$...I trade options so ill be looking at calls with a strike price around 50-53 and expiring mid August sometime. Looking to ideally only be in this trade for a few days no longer than 1 week
#VolatilityWatchTechnical indicators looking bullish for #intel. Weekly chart shows recent MacD Crossover, with Directional Movement indicator (DMI) crossover suggests bulls have control of trend with $INTC. INTC is currently trading above the 200 day moving average, which has acted as support but is not support traders should be watching. Previous pattern suggests Intel will continue to build out a symmetrical triangle pattern along with a current cup and handle formation where #INTC would get close to testing the $60 level. On the other hand, at this $59.92->$60 price level there is a potential triple top to watch out for as it could be a point where shorts would start piling in. On the event of a breakout, INTC could easily be trading back above $60.
Downside risk seems minimal if you are a long term investor. Watch for 618 retracement to continue uptrend. This would also take price to long-term support at $46 and I believe this would make a very compelling value play for investors and funds who are still sidelined.
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Disclosure: I do not own INTC. I am not a financial adviser and this is not note to buy or sell. Please do your homework before investing.
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said.
The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity.
The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said.
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*We could possibly see some volatility this week with this meeting.
INTC stock price forecast timing analysis by pretiming algorithm27-Jun
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.7% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -2.1% (LOW), -1.4% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.