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.
INL trade ideas
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 :)
Intel to bounce off from here Intel is just above the monthly trend line. Indicators are pointing to a possible bounce off from near around this area.
If this long term trend line is broken by the sellers then look for the fake break out for a nice setup.
Be patient.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
INTC lower low below major support region, targets remain lowerStill waiting for a consolidation pattern, especially after breaking below the lows set a few months ago in the 46 region. Copyright Rohan Karunaratne 2020
INTC, like clock workNice habit of forming solid support lines with the price action finding new highs after a bullish trend line starts to form. I wouldn’t be suprised if a new bullish trend line starts to form with a breakout of current resistance in the coming months.
Long on rebound of support line. Stop loss loss is break of current lowest support.
Use risk management as always.
Thank you for reading.
