Intel: Ten Years of Falling... Wedge!Overview:
Intel has been on a prolonged downtrend since its highs of $69 a share between 2019 and 2021.
However, recent price action suggests a bullish opportunity is brewing.
The stock appears to have formed a Falling Wedge pattern at the monthly timeframe, a historically bullish reversal indicator. As of now, INTC is hovering around the $20 price range, a level that has acted as strong support for over 25 years. A further price decline is unlikely, and a bounce from the $20 level is expected in early to mid-2025, with prices likely to challenge the upper boundary of the Falling Wedge.
Observations:
1. Falling Wedge Pattern: The price action is tightly consolidating within a wedge, with lower highs and lower lows, but approaching the apex.
2. Long-Term Support at $20: INTC has tested and held this support level several times over the past 25 years, reinforcing its reliability as a strong demand zone.
3. Oversold Momentum: Technical indicators like RSI on the monthly chart are showing oversold conditions, aligning with the possibility of a reversal.
INTC is expected to continue flirting with the Falling Wedge's upper boundary and will likely exit for a bullish reversal in 2027, completing its ten-year-long Falling .
Longtimeframe
RUSSELL 2000 IWN is approaching a key levelIWN as shown on the weekly chart has been obviously in a downtrend as also shown by
the EMA ribbon.
Using the uptrend from the Covid crash into November 2021 and then a retracement from that,
IWN is approchaing the 38.2 Fibonacci level at 128
From there it could bounce up or continue the downtrend.
The Mass Index being below 27 suggests a continuation before any potential reversal.
The MACD indicator shows the MACD in blue crossing down on the signal in red.
This also suggests more downtrend.
All in all, this analysis is bearish on the Russell index and its ETF.
Fib. channel fitted on linear scale and a 20W extension20W moving average (and a white shadow of a 21W EMA) has historically indicated a good near term cost basis. With a fitted fibonacci slanted channel (and more-or-less randomly extending the 20W average) we can plot a possible path for BTC, dancing between past fib level trend lines for resistance at important price levels, while also holding support at this imagined 20W SMA extension.
Of course, depending on the weekly close, this can breakdown form 20W SMA, in which case we continue our crab, I think.
Geely Auto Cup and Handle Strong Buy ENG/DEIf Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD
Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible.
The Geely Holdings has a joint venture with Daimler
DE
Wenn Geely Auto in der nächsten Woche über 29.65HKD schließt, wäre die Tasse mit Henkel abgeschlossen und hätte Kurzfristige bis mittelfristige ein Kursziele von 38.45 / 44.80 / 49.30 / 57.90 HKD
Übergeordnet wäre Langfristig (1-5 Jahre) ein Kursanstieg von bis zu 581.90HKD bis 1493.90HKD möglich.
Die Geely Holdings hat ein Joint Ventures mit Daimler
For those looking to capitalize on BTC / ETH, I present HIVEAnother Canadian-specific play, via TSXV (venture index)
Felt stupid for buying at 2.81, after a couple of days, break-higher out of the bull-flag formation has confirmed. Considering adding more to this on a correction, which might be starting. Have a very small position and would like to have a better dollar-cost average in case this becomes a long term hold much like QBTC. Hive is a mining company that mines cryptocurrency. The issue is that they mine ETH...which is headed for proof of stake. Hoping they mine a ton and just stake it as a strategy. Only the future will tell, and keeping it small just in case.
ETHUSD, 1W, global visionGuys, let's take a look at a rather controversial asset - ETH, 1w chart
The asset is above the trend line since December of the last year. The most important thing is that this growth occurs on falling volumes and so on for 9 months.
Since we know that the asset is highly correlated with bitcoin, any correlation of which can lead ETH to an important level of $ 200.
An important level of resistance at this stage is the level of $ 240, there is a bunch of moving 50EMA and 100EMA. Also, the middle of the big red candle at the beginning of July will act as a strong resistance level. In general, the picture for the second most important cryptocurrency is not very bright.
Conclusion: over the next 12 months we expect the price to come to $ 60-80