Intel Shooting Star at Resitance? Intel Corporation - Short Term - We look to Sell at 48.40 (stop at 50.05)
A shooting star has been posted as prices reject the higher levels. Previous resistance located at 49.00. We look for losses to be extended today. Price action remained broadly negative yesterday with the early highs being rejected after bullish momentum stalled.
Our profit targets will be 44.11 and 41.20
Resistance: 49.00 / 55.00 / 68.00
Support: 44.00 / 40.00 / 35.00
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Intc_short
Good Time To Watch IntelIntel has a beautiful curve that has came up to the previous high on a monthly chart as is now playing a nice channel.
We are currently sitting on support for this channel and if broken support, then this is probably a double top and expect a correction.
Im only looking for a short channel support break. Otherwise I'll scrap and move along.
AMD, NVDA, INTC are all 3 at critical decision points
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 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.