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Intel Corp (Extended Hours)

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INTC Elliott Wave & Fib Retracement | Week #43For INTC this week MACD turned positive and stock is above Fib 38.2% as of 10/15/20. High chances that it will close the week by staying above that level. This combines with AMD stock which has almost run out of steam (Check its MACD). There is high likelihood that INTC reaches its 50 Day MA next week (10/19/20 - 10/23/20) and also touch Feb 50% which might conclude the 3rd leg of Elliott Wave which started in week of Aug 3rd. Core Retail Sales & Retails Sales number are due tomorrow (10/16/20). If these numbers are better than expected it will support the positive move in the stock. Intel currently dominates laptop market with wide variety of laptops to choose from. This means there is 3% ~ 5% upside from closing price of 10/15/20. (This is a weekly chart) (This analysis is just my point of view. Trading involves risk. Do your own research before trading) drive.google.com
NASDAQ:INTC
by shahpriyank89
BUY INTEL (INTC) on any dip towards the $48 support areaBy looking at the daily chart, we can see the strong bullish rally that took the price from the March 23rd lows of around $44 to the June highs at $64, for an outstanding 45% increase in just couple of months. However, the stock didn’t stay there for long as a combination of a high profit taking interest and some further selling pressure took the price down again at the end of July to the $47-48 strong horizontal support zone. Since then, we have seen a volatile and choppy sideways price action between $48-52 levels. The stock is currently sitting at the $54 mark after an attempt to make an upward break out of the above-mentioned range. However, we see multiple different and also strong resistances that are currently threatening the current bullish move. We can find the 100 DMA lying at the $54 mark and the strong horizontal resistance at $56. Today’s price action on the daily chart shows a bearish rejection candlestick, which in turn confirms the strength of the above-mentioned resistances and indicates that there might be further selling pressure ahead. This up move was anticipated as the stock built a meaningful support base around the $48 mark throughout the last couple months. However, we believe that the stock market in the US currently holds a lot of intrinsic risks - COVID-19, the upcoming presidential elections, the economic recovery etc. - which would probably mean that we could be in for a continued sideways and choppy price action in the coming months. At any rate, we our analysis shows that the uneven capital allocation across the different market sectors will continue to support the tech sector as well as the stocks in it. The large institutional investors will start looking for places to reinvest the tremendous profits that they have generated from the likes of ZOOM, TESLA, NETFLIX, Shopify etc. throughout the last 3-6 months, which will lead them to stocks like INTC! We are bullish on the INTC’s stock and believe that any profit-taking corrections would give us a great opportunity to buy the stock at a good discount. This, in turn would give us a chance to maximize our profits to the upside, once the stock resumes its uptrend movement. Furthermore, some of the technical indicators that we are monitoring closely (50 DMA, 100 DMA, Bollinger Bands, RSI etc.) are currently showing exhaustion of the recent up move and are signaling that a potential return-move to the $48-52 range might occur very soon. This will be the right time to jump on the bullish Intel train, that will take you up to the $60 mark in the coming weeks and months. Our long-term target levels are $61 and $66 respectively. Sincerely, DowExperts
Editors' picks
NASDAQ:INTCLong
by DowExperts
6
Intel trying to recoup lossesAfter a rough spell, Intel looks to fight its way off the bottom. GoNoGo Trend flagged a “Go” trend on the 28th of September after a higher low was in place, and now we have seen the highs of the bottoming consolidation pattern broken. The top of the large breakaway gap will surely form resistance at around $60 and although there is likely to be resistance before that at the clustering of supply we saw around $57 expect INTC to try to fill the gap.
NASDAQ:INTCLong
by GoNoGoCharts
2
INTEL - HOW TO TRANSFORM A POTENTIAL 30% TO A 400%The gap indicated is not what we care about. It just indicates the probable direction. Also because that movement would be a mere 9% move. What we are looking are big returns. Here is the idea. Call Spread 60$-70$ mwith maturity June 21 is quoting around 280$, for a potential 400%. If the price goes to 70, the payoff would be 1,000$, 4x the initial investment. if we were just buying the stock, it would be "only" 35%. Wjy Intel? It is one of the few tech stock that fell recently, I think it was utterly penalized by lower EPS. It quotes at only 9x PE multiple. It is a good alternative to expensive tech stocks, that are not a worthy investment considering the RR now. So, if you do not want to be waiting for a fall that may not happen soon in order to buy cheaper, this can be a good strategy. (SMALL PORTION OF PTF ONLY)
NASDAQ:INTCLong
by edutradinguru