INTC trade ideas
Cup and HandleINTC was trading in an inverse H&S and has broken neckline which is now support..
Is it my imagination, or is this just not a stock to own during earnings? (o: Earnings were on 1-21 and it looks like they beat EPS and revenue. It must have been guidance? Comments welcome.
Just seems like this one does that a lot, go down after earnings right when it is getting race car ready to make a rally. No bearish rising wedges in yearly chart.
Stock is considered by many to be undervalued..Long term high is 75.83 from like 21 years ago. Yearly high is 68.09. 3 Year high is 69.29..NV and OBV are very high..
There is support at the HL, Mid cip and at the neckline so seems like a fairly safe trade. If you want to hold on, place your stop somewhere sneaky and somewhere safe. Mr Market is known to go stop loss hunting on occasion.
Cups form as price start to ride, then pull backs occur forming the rounded Bottom. you want to see a U shaped cup with a rounded bottom, an EVE bottom (o: Cup and handle patterns form in all time frames and are seen often in the market. They are relatively easy to spot. The rims should be close to the same price level but not exact. A cup with a handle that is very close to the top, can have a more explosive breakout. The handle has a median of 22 days to form but can be longer or shorter in formation. A shorter handle can indicate a better break out performance than one that takes eons to form. When price floats around forming a handle for months, stuff happens and it is not always good. Price could even get stuck in a rectangle etc.
Not a recommendation
It seems we are having more volatility as of late. That can get yoou stopped out and surprises happen that change patterns in a heartbeat. I am not sure what Monday will bring, but I hope it is not another rainy Monday )O:
INTC - EW analysis - ABC zigzag down INTC - It dropped sharply as wave A and expected to correct in B wave soon. So if B wave is sideways three wave bounce then it will be good shorting opprtunity for C wave down as zigzag correction. The move up was double zigzag correction.
Give thumbs up if you really like the trade idea.
$INTC with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $INTC following a positive over reaction following its earnings release placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Faith and Passion: INTCHave you ever been at a party and talked to a very intelligent person about their specific field of expertise? Those conversation can get very long and hard to follow...
Last night I had such an opportunity to speak with a software developer that knew a lot about Intel's chip architecture. He was incredibly passionate about NASDAQ:INTC and its future product releases. I asked him if he thought they would reclaim their crown as the top chip manufacturer and after a lengthy explanation of all the different ultraviolet laser chip making methods the answer was "Yes!" Independent of the recent bullish news of the CEO leaving I started a stake in the company.
Intel earnings today at 4pmIntel earnings 1/21 at 4pm
4th Quarter December 2020
Consensus:
eps: $1.10
revenue: $17.44 Billion
p/e: 11.3
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
$INTC$INTC - Catalyst ER 1/21/21 - Are we going to see a golden crossover as the 50 MA gets closer to 100 MA? The chart forms a cup and handle, measuring the bottom of the cup, there was a price increase of $8.82. Taking this amount to predict the next move, we see that the price already made the $8.82 jump to $60. Also, at $60 is where the lower and upper trendline meets and the previous resistance. The upper trendline also rejected the price four times. Bollinger band is extended and looks like it's pulling back inside the middle. The supports are derived using FIBs. I think the stock already made a move, and a golden crossover will unlikely to occur. BEAR
My first video TA :)
Inverse Head and Shoulders Earnings 1-21Earnings Thursday AMC
Now a gaps below price so possible pull back for a gap fill..just hard to know but the gaps provides support as well as the neckline now that price is abover the neckline..
This stock has seen some bad moves down after earnings recently..
Head is at 43.62 RS 45.24 LS 46.95
This pattern is usually reliable but you just never know especially at earnings so be sure to do your research..
Also known as a head and shoulders bottom..is a 3 valley pattern..have noted pattern does a bit better when right shoulder (RS) is a bit higher than LS. On this chart the RS is a bit lower than the LS.
Calculating targets is often done by subtracting Head (A) from neckline (B) and add it to long entry level. .
Sometimes the neckline slopes down and that is considered okay by most..sometimes this leads to better results.
By no means a recommendation..