INTC trade ideas
Intel on a technical cliff's edgeNo matter how you look at it, Intel Corporation is not in a good spot fundamentally nor technically. If Intel loses the 44.50 level of support I expect a rapid sell-off to at least the 38 level. It might pull back from there to retest 44.50 but I doubt it will soon recover this level once it is lost. Additional support will be found @ 36.50
Intel Corp Weekly Elliot Wave Countc correction finished? soon start of wave blue 5 in the support zone 43/44 USD? I wait for confirmation!
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.
INTC - Elliottwave analysis - Bear caseINTC - The drop was vicious and 3rd wave of A of Y of (Y) wave down. Expecting small correction of 4th wave as choppy, which will good sell up for one more low to complete the A wave. Keep eye on correction, which should be choppy only to sell for new low.
Give thumbs up if you really like the trade idea.
INTC Long IdeaIntel has been getting destroyed, but at these levels, risk to reward is too hard to resist. Could possibly be a huge winner or small loser.
intc for austinchart 2 close up. there is no denying price respects that line. this does not bode well for the future for intc.
intc for austinfirst chart
that is a hugely important trend line from 1973
i supplicate that intc is being replaced in the industry. this is the beginning of a transformative period.
INTC, playing historyWell tested support on INTC. Price in the past had a tendency to stay within a zone before break out.
Long after bounce back of trend line (already occured). Stop loss would be the previous low created by a gap.
Use risk management as always.
Thank you for reading.
Expecting Intel to go range bound or higher from hereI believe its reach its low and ready to trade upwards or sideways from here.
The CEO has purchase 8000 shares on 10/29
Intel is undervalue at this point, and their Q3 earning numbers were decent.
Great Buy on Intel. Here is the setup.Td9 on the daily, previous horizontal support, fibonacci calculator setup, megalodon momentum and volume setups, and insider buying. Seems to be the time to accumulate.
INTC LONG TERM TRADEWe have the stock on levels of 2017, its a long term set up with a juicy R:R of 8.23 and a profit expectancy of 50%.
INTC Support Level 5x Since 2018Intel is the biggest chip maker in the world: their net income has increased every year, as has their shareholder's equity. P/E is about 8, much lower than the market average. Dividend is high.
Swing trade in the worksSwing trade analysis.
Looks like a decent play in this purple zone.
Looking to enter in next few days assuming this doesn't drop harder than I predict.
Price Target @ $50
Stop loss @ $39
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
INTC next target support 44Intel just keeps falling every single day, I am not personally taking a position until we get a decision around the March low, if support can be found, then potentially it could retrace, but for now, still targeting the 44 region. Copyright Rohan Karunaratne 2020
INTC Found Support OR DID IT?Keep an eye out here a break of 46 could be a move to 43. We gave this play away on our watchlist Friday and 50% ROI. We would like to do it again :)
