INTCD trade ideas
Gem in the Rough (Intel)I discovered a gem-shaped pattern that I call the Ruby Pattern© . Inside is another pattern I call the Lance Pattern© . Let me know what you think. Aside from the pattern itself, the market for semiconductor chips is incredibly hot right now. Intel CEO Pat Gelsinger predicts this trend to last until 2023.
Intel Corp.I love this companies financials. I understand what's going on in the semiconductor world. However, I'm thinking about consumer durables like laptops, computer gaming, memory and storage data. I'm not big on speculation but I know we are so dependent upon technology and alot of their products attack a wide range of technological factors.
Price is currently at a strong support in my opinion. On the 1 hour time frame, there seems to be to some strong consolidation in this same support area. This could indicate that Intel is currently in its accumulation phase. I've looked at some insider trading as well and noticed that within the last two months, there were purchase on two occasions around this area and a third person sold at $57... I want to see price breakout at some point to the upside as the previous high was broken and the previous support hasn't been reached yet considering a strong consolidation at its current support. Let's see what happens! I'm locked in til 2023.
Not advice
What do you think?
INTC Bear flag The flag pole highlighted in green. 200ma is barely keeping this afloat. I expect all chips to have a rough 2nd quarter after NVDA splits. Yeah i know about the chip shortage and the big institutions have known about it for a year; what does that mean? that means the news is priced in. Wait for a return trip to mid to high 40's for a long entry.
INTC needs more info to make a decisionAnother chip shortage stock and this one needs more input to make a decision. Look for consolidation until mid July. 9/20 EMAs twisting, 50/100 SMAs twisting. RSI is facing up but the MACD is flat. 2 outcomes with equal profit/loss outcomes. Bearish: KL drops below 55 and holds sees a drop to 51. Bullish: KL rises over 58 and holds sees a rise to 62 to fill the gap. This is a hard read. more data over the next couple of weeks will make my decision for me.