INTC trade ideas
Above 52 it's a buyINTC is approaching the .618 Fib from the all-time high during the dot com bubble at 52. Also it is following a downward trend line it can't break since July 2020. Look for it to break that trendline, then hold 52 to buy.
Note how it has held the .5 retracement from the all-time high since Dec 2017.
Tight stop loss: If it can't hold 52, the trade is wrong. However, if you give it more room, 44 is the floor, so below that it is definitely wrong.
INTC Selling pressure over?NASDAQ:INTC looking to reverse after ER over reaction. Looking for $47 then $50.
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Long IntelHi, guys! In my opinion technically, the price might form a reverse Head&Shoulder chart pattern, which it will mean a reverse of this descendent trend. The target is 64 usd.
As fundamental, I think the price is low also because the company started a buy back shares program and i think the didnt finish yet, but it will until this year. I know that is a strong demand for pc and intel chips, huge demand, and in my opinion at the next financial report we shall see a huge and a nice surprise.
Good luck!
Disclaimer: I own Intel shares.
My first chart on Trading View.It's looking like $54 by Valentines Day. I bought 200 shares at $49.25
Where as Intel got booted from the S&P500 and stocks that get removed from the index tend to out-perform the following year, add to that stocks that 'gap down' tend to close those gaps over time, I've concluded this is set up has a reasonable chance at earning a profit.
Let's see where this goes...
INTELAFTER THE DOUBLE TOP AND THE TREND CHANNEL, WERE WE HAD GREAT RETURNS OVER , our way to take an hedge on the market is this red resistance, since fundamentaly intel will decrease in value during the time they can properly shape they cpu, a break under the red resistance is an great short entry.
we also need to account that somewhere in the futur month the euphoria will stop and the market will fall. a red month is ahead before june.
so if the global market is deacreasing and intel to we will have a target of 35.
Will Intel go Nokia's way?#INTC is under pressure from AMD, NVIDIA and now Apple and Microsoft.
To start the uptrend #INTC needs to break the resistance line around $52.
If drops below 43,50 there is way down to 36,50 and 27 as seen on multi-year charts.
Would make sense to cautiously buy around 43,50 with stop at 41,50 in hopes for the better for Intel.
INTC 07-12-2020 LongAsset and Time frame -INTC,Daily & 1H
Entry Price -49.83
Exit(Stop Loss) -48.75
Exit(Take Profit) - 53.16
Technical Analysis - INTC has touched a significant support line and started a bullish trend(RSI touched overbought on daily) now were making a small correction to continue the trend, basiclly we want a good entry, so either the -27.2 or the -61.8 Fibonacci level, depending on the price action at those levels, so if there is a bullish engulfing candle on either of those levels, on the daily chart we have the 100 & 50 SMA being used as support levels.
What can be improved & Conclusion & End of Trade -