Inside a heavy demand zone. Let us see what's to be!Final update for the downside sentiment. After the outlook of Tuesday I adjusted my positioning and Bamb the perfect tap. This is what I was hoping to see in order to confirm my going long. I will be going long as you can see, But I think I will wait until Tuesdays outlook or just after the first hour of the U.S. Open. I am hoping to see and am being aware that we could get a quick stab below Zone 1. then seeing a nice tail or wick will get me in the long Trade. Also anywhere inside that channel there. Also I'm thinking, with all those trend lines in the way there, If we do get a push up it will be fast and hard to blow through and settle inside the channel. Anyway I hope you all had a good trading week, I know I have. Now all I've got to do is keep it. Not Giving it back.
Again; Good Trading and a Prosperous Outcome!
Hankster
Upside
ITNC gap up on upside guidanceIntel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s.
The PC market has been so mature that most analysts assumed that Intel’s future would be relatively weak. As PC sales have begun to fall worldwide, tablet and smartphone sales have risen sharply.
Any improvement in PC sales will help Microsoft, which is the major provider of PC operating systems, and Hewlett Packard, the leader in PC sales.
Technical Analysis:
Now, we have gap low at $29.56 which should act like support and high at $30.06.
I think it needs couple of days of rest, investors and traders need time to absorb this big movement
Check my previous idea in the link below:
INOvio in a good position to go higher up, but in a lock atmThere is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level.
Several points lead to a higher position from here.
- Major point: DMI, MACD, RSI, Stoch and Acc/Dist show potential up side from these levels, though it may dip lower before that as MACD, Dist, and Rsi have some room to dip to the lowest part of the range
- The price bounced a bit from an area that is within the lowest range of the up-trending channel .
- Wave counting gives a hint that it is either in the last wave still or ready to change the trend and get into a new wave count, with first one leading higher.
- Price bounced off a strong support level several times in all the past sessions
- Price seems to keep within the 150 DMA
There are several indicators of a possibility of going lower:
- The recent trading volume is weak, indicating not enough steam to push it through the recent down trend
- A series of lower highs within the day view coupled with the first negative point shows the mood is for going lower.
- Dipping lower 200 DMA may lead to a spill, next resistance at ~2.00
- Given the low volume, it is more probably the price will go down to 2.00 and decide its further action from there. It will still be attractive up to earnings at the price between 2-2.50