INTEL Corp Weekly (22) Chart Technical AnalysisThe Intel (INTC) weekly chart shows the following signs:
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen from $26.31 to $27.32.. The MACD is clearly on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target as I showed in last diagramm (Week 21).
INTC
Intel Corp Daily (26.05.2014) Chart Technical AnalysisThe Intel (INTC) daily chart shows the following signs:
The Price of INTC made a Long watch movement with the SPAN A of KUMO with little green candlesticks last week. The MACD is near a bullish sign and the RSI is marginally bullish. The Stock is over the EMA200.
I expect that the stock will continue the bullish movement until the first resistance at $28,68. It has the blue long term support line and it regresses into an ascending triangle from 04.02.2014.
INTEL Corp WEEKLY (21) CHART TECHNICAL ANALYSISThe Intel (INTC) weekly chart shows the following signs:
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen and gave a bullish signal. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28,32. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target.
INTC wedge in strong uptrendMarket is choppy in 2014 with lack of continuation moves both sides. So, theme of the year is stock specifique approach. I am looking for strong stocks, buying pullbacks and support.
Intel is in strong uptrend since the beginning of 2013 year.
Now, stock is wedging. Support at $26.00 could be our stop.
Next resistance (target is $27.12 double top)
If it will break down $26 where 50 MA lies, then next buyable area could be 200MA and major trend line at $24.50-.75.