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
INTC , to Immediately Buy-while-still-Cheap? Is NASDAQ:INTC a great buy opportunity while still cheap ? Well let's find out .
After the drop from around the 70 to less than 48 , this stock is much cheaper than it used to be and at the same time I think that there is still a bullish sentiment in the sens that the price is still above the green line . This , being an insufficient condition to buy, one has still to wait for a clear confirmation , which is price breaking above the 51,5-53.5 area with bullish strength (When the signal is valid I would update the post) .
At that point there will be a much greater probability for the stock to break above the white line and recover from the drop .
Intel Corp OversoldThere are a couple of signals that is pointing towards a potential rebound from Intel
severely oversold
hammer seen last Friday
hammer also corresponds to an immediate support line seen at approximately $48.
We have got to watch the support line of $48 very closely. But if all goes well, we should be seeing a short term rebound potentially to $56 which is prior support turned resistance.
INTC (INTEL CORP) LONG SET UPintel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company's segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.
TITLE/(DATE)- BUY INTEL 7/27)
ASSET- INTC
PLATFORM- MT4
ORDER TYPE- BUY
Time Frame- 1D
ENTRY PRICE 1- $49.80 market
ENTRY 2- $44.80 (pending)
STOP LOSS- $39.80 (100 PIPS)
TAKE PROFIT 1- $54.80 (50 PIPS)
TAKE PROFIT 2- $59.80 (100 PIPS)
TAKE PROFIT 3- $64.80 (150 PIPS)
TAKE PROFIT 4- $69.80 (200’PIPS)
STATUS: ACTIVE
LINK TO CHART-
AMD - bearish wedge & spinning top reversal. P/E 167 says it allFor any professional trader the situation is obvious:
1) Rising (bearish) wedge
2) Spinning top candlestick
3) Overbought RSI on both, Daily and Weekly
4) Low volume compared to the previous bullish candle
5) Overinflated P/E
At this point, I can actually finish describing my call since it's more than enough to explain why "short" is the only way to go right now.
However, I would like to go a little bit further: Bulls have to understand, that the only reason for AMD's "bullishness" is the decline of Intel stocks (Blue line on the chart).
There is nothing else behind it and here is why:
1) New Ryzens will be released at the end of the year. Right now, AMD's sales are bad.
2) Ryzen XT processors failed in every single review. Those CPU's simply don't make sense since AMD asking $100 for 100MHz. If we would live in 1995, $1 per 1Mhz could be justified. But not in 2020.
3) Earnings that should be announced today not going to be good under no circumstances. Even in the beginning, right after the release of Zen2, AMD had bad earnings with a negative surprise and obviously, it's not going to be better now, when sales declined and potential customers waiting for the new generation of Ryzens, which makes a lot of sense.
If this is not enough for you to stay in cash and away from AMD for now - don't worry, you still will earn experience ;)
Intel - the level im watching.Chip giant Intel (NASDAQ:INTC) reported second-quarter results last week, and the release included the bombshell announcement that the company's 7-nanometer processors would be delayed by approximately six months. Those chips were initially scheduled to launch in late 2021, so the delay will push that debut back to 2022. At least Intel is finally starting to ramp up 10-nanometer production -- which was also delayed by years.
The ongoing stumbles with transitioning to new generations of manufacturing technology completely validate Apple's (NASDAQ:AAPL) decision to ditch the company in favor of its own silicon.
INTC - Intel Corporation - Technical AnalysisDespite the good earning results, Intel seems to have delays on the development of a new generation super faster chip setting back the price level to approx. 50 USD.
Based on technical analysis, the best option is to hold and wait if the 50 USD level will work as support for a new rally, otherwise, if the support level of 50 usd will be broken, there might be an option that prices will keep diving down.
Fundamental Analysis:
The future matters more: Intel (INTC) posted a strong quarter, too. But the chip maker revealed a huge setback in its push toward seven-nanometer-process technology—raising questions about how a company once revered for its manufacturing brilliance is now considering outsourcing more production to more-capable outside fabs like Taiwan Semiconductor Manufacturing (TSM). It’s an embarrassment and a boon for rival Advanced Micro Devices (AMD). The lesson? Investors pay for future performance, not past results.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Intel Corporation ("Intel" or "the Company") (NASDAQ:INTC) for violations of the securities laws."
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Intel (INTC) – Intel reported quarterly earnings of $1.23 per share, 12 cents a share above estimates. The chipmaker’s revenue was above forecasts as well. Intel signaled further delays in a new generation of superfast chips, weighing on its stock and boosting that of rival Advanced Micro Devices (AMD), which already has a “7nm” chip on the market.
Enigma Hourly - Bet on BreakEnigma has formed a large ascending scallop relative to the hourly time frame.
The upper resistance of this is looking to break.
I've included some chart patterns the major one is the bump and run
Where price "bumps" above the major trend, and then "runs" back to the trend.
I really like this coin.
RLC IEXEC - GOOGLE, INTEL, IBM CLOUD, UBISOFT 5000%++ GAINSRLC is running the bull run first in the crypto market.
RLC will be the main decentralized cloud computing provider for the BIG tech companies.
Why? RLC helps these major TECH companies earn more ROI for unused cloud storage.
GOOGLE CLOUD will be next in the line, alongside all other cloud companies that has not been announced.
IEXEC just announced that they have joined Confidential Computing Program and have been working on the project since the alpha release.
Huge things to come soon.
July - DEFI news
SEPTEMBER- MAJOR news for mainstream adoption!
RLC is following LINK bull run from NOV 2018.
1W CHART wise, SUPER bullish,
Fundamentals wise, ULTRA bullish.
i'm holding RLC for that 5000%+ gains!
*Not financial advise, this is all my opinion.