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ITLC34 trade ideas

intc weekly for naorzthe green line will be first support if the current double bottom fails. the green line is very weak, there are not many price pivots supporting from underneath compared with the strength of the black line. the blue line is strong too. these are either months to a year away or indicating another crash scenario like march. the chart is setting up as lower highs and lower lows. intc is in a bear market. you want to catch the bear market rallies and stand aside at resistance levels or short it. earnings releases are more likely to be negative for a while going forward until/unless they reinvent themselves. another way to look at this is: any good rally from here simply adds a right shoulder to an ugly potential pattern. use the current price red dotted line as a neckline and what pattern do you see? im not a big fan of that pattern playing out, but its a warning and it certainly could. the target would be one of either the black or the blue line, so more signs pointing downward, not upward.
NASDAQ:INTC
by sunriselmi
INTC - Buy the Dip?NASDAQ:INTC Potential to buy the dip trade in INTC post Q3 earnings if the 1y low around USD 45 holds true . Spot Price USD 46.29 Limit Price USD 45.00 Stop Loss USD 41.50 Take Profit USD 55.50 R/R ratio 3:1 Rationale: Fell through initial support at USD 48 post Q3 earnings USD 45 marks 1 year low, i.e. strong support level Tends to trade range bound in a USD 8-9 channel between earnings seasons Analyst target price USD 53.73 MACD has turned negative and a reversal before engaging in a trade would deliver additional support Conclusion No intention to hold a longer term position in the stock unless the underlying fundamentals in the stock show a pivoting shift Patience before engaging in this trade will be key
NASDAQ:INTC
by SLRK
1