Looking to bearishly breakout of a Rising WedgeThis is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see..
I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.
INTC trade ideas
INTEL (INTC) opportunity with RRR 1:6,5NASDAQ:INTC Few points about $INTC (Intel) which shows this stock is undervalued and good to invest:
1. Total revenue TTM: 78,1B USD
2. Net income TTM: 21,95B USD
3. Total equity (2019): 77,5B USD
4. Free cash flow TTM: 20,32B USD
5. P/E: 9,23
6. Gross margin > 53%
7. Dividends yield FY: 2,8%
BULLISH INTEL $INTC - Nothing but good newsOkay hear me out.
seekingalpha.com
Today they released this flagship chip. We all know the future is in microchips based on the $130 billion TSM pledged to spend, plus they're opening a plant in Arizona AND so is Intel . WTF is going on in Arizona??!??!?!
Look at the earnings. Last quarter they blew the estimate out the water. And look at the next earning date. WHAT! they're going to kill it.
Robots, ai, computers, microchips are the future. Intel, AMD , TSM all the way to the moon baby.
INTC, the next big thingIntel has been the lagging chip stocks amongst its peer.
While chart wise, the rest have made a remarkable breaking of upside and overshot the sky limit, Intel is seemingly crawling in pathetic manner.
This perhaps due to its past unproductive business model causing price to grind extremely slow
However, with the CEO's revamped approach, i believe Intel is the underdog to watch in long term.
In Oct 2015, when i posted my opinion, Intel stock price was around 33.
Though not exceptional, this investment would already had 100% return by now, closing 63.77 on 30Mar21
It will blossom in near future
Just my humble opinion
Intel & AMD 6 month comparisonIntel & AMD 6 month comparison:
Intel = +29%
AMD = +2%
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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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, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Reading books, playing chess
Sorted watch-list
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Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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Intel Corp (INTC) rallies, but pay attention to market signaIn the last weeks, this stock has been heavily traded. Many sites talk about title rallies, but....
Technically it's a bullish moment, but the last three days have created a pattern that I don't like. If I had the stock, I'd be careful.
A news by MarketWatch: www.marketwatch.com
A news by FXEmpire: www.fxempire.com
resistance=support nowtop trendline resistance is turning into support on this one, now ready to break all time high resistance and maybe even cross AMD price per share soon?!
INTC reports that the new CEO bought $10 Million of INTC stock in the open market on 3/18/2021 at $63.79 per share...
This represents approximately 16 percent of his net worth!
The CEO is giving a webcast on the future of INTC technology leadership on March 23(today) Any new CEO would not give a webcast update if he/she had bad news to tell to investors/analysts. I think the new INTC CEO will give a very positive update on a 7 nm chip manufacturing process. Hoping to see $70+ soon... very possible in my opinion
INTC > 7% after hours due to "unleashed" new CEO delivered a very interesting, positive and optimistic update - featuring CEOs of MSFT and IBM - and announcing new intel foundry service and new fabs -- and re-assuring product roadmap for the next 2 years.
the market reacted with almost a >7% move (as of this writing) even before the "Intel Unleashed" event is finished!
do we expect a strong run from here after this initial positive market reaction ? i think we will. maybe that was the catalyst we were looking for to fuel a new breakout.
(i'm long INTC)
INTC > 64Game plan:
Ticker: INTC
Sector: Technology | Semiconductors
Average Beta: 0.66
Set up: Wedge Breakout
Entry Price: 64.31
Stop Loss: 61.89
Price Target: 75+
Scale in/out: Want to scale into the breakout with volume supporting bids. Will scale out and pay for the trade when buying pressure starts to decrease.
Will you trail: Will trail with previous day LOD
Next Earnings: April 29th
Previous Earnings: January 21st
ATR: 1.96
ATV: 38.12M
Spread: 1c - 5c (spread shouldn't be an issue in this case as INTC is very liquid)
Support: 62 Pivot
Resistance: 64, 65, 69.50, and phycological figures
Key Levels: 62, 64, 65, 69.50 and phycological figures
Short Interest: 1.50%
I really like this setup due to its wedge formation along with it being in one of the strongest sectors in the market. This trade can really be supported through the help of the markets approaching all time highs..
There is no real issue with the trade except for its target being 15% away with a low beta which can cause me to get stopped out of the trade early. Another thing is that a bit more consolidation wouldn't hurt the trade but instead reveal the real areas of support which is completely fine.
INTC-RM (MOEX) - Be CarefullGreetings
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INTC-RM (MOEX) - Be Carefull
INTC - Where fom hereI entered the stock at $52.50 back in January 2021, now a month later and after an impressive rally the stock is sitting just north of the $60 mark, around the IBKR analyst consensus price, and has closed the August 2020 gap lower.
Although I am a long term investor and not a trader I tend to review my positions on a regular basis and since my last post it's been about a month. ()
A quick technical checkup:
Formation of a double top, that indicates the stock some resistance and might be in for a consolidation / price correction.
Major resistance will be at the 1y high of $65
Price currently testing the short term uptrend support line
MACD and RSI seem toppish
Quick Fundamentals (based on Refinitiv Stock Report:
Multiples trading largely in line with peers and broader market
Strong fundamentals such as high profit margins and relatively low debt
EPS estimates are flat, i.e. limited growth potential
Conclusion:
The stock has catched up significantly to its peers since the drop off end of 2020 and seems now in a fair-value range
Todays sell off is linked to the broader market and has limited impact on my decision
Fundamentals remain good but i am somewhat concerned about the EPS outlook as driver for price growth
I will be looking to sell short term calls around $62.50 as an exit for my current position.