INTC weekly chart looks interesting intc weekly chart going slow down near-weekly multi-touch support like to see how the market will react near it or can also drop down more down to old range area. rsi make small hidden divergence for now
INTC trade ideas
Short.were are not in 2012 were intel was the number one cpu maker in the world.
sell this stocks worth nothing.
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 -
INTEL Intel this summer announced a delay in the release of its 7nm product and subsequently fired its CTO. The 7nm processor, which was supposed to help Intel catch up, has been delayed by six months. Intel is no longer the biggest competitor in this sector and now needs to catch up with the competition.
Should Intel face further delays in its 7nm product, or other delays continue to occur, we will see the next wave of declines in stocks following the announcement.
At the moment, the market is long, Intel did not have a disastrous third quarter, despite the market reaction. In fact, the company slightly exceeded the forecast since the beginning of the year. Much of the alleged disaster was based on higher expectations compared to the first half of the year.
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INTCWell-known INTEL CORP, #INTC. I will present my technical vision of this paper. It has an already formed two-year classic H&S (see bottom red circle). The paper performs all the patterns well, I was wearing Intel shorts from the price of 57, I entered there using the previously formed small classical H&S (see the upper right yellow circle). This means that this large 2-year H&S will also be executed with a high probability. The target of the fall is $ 32, which is minus 27% of the neckline and minus 33% of the current price level. What is happening with Intel now is a retest of the neck level of the large H&S, all this is displayed in an expanding yellow triangle. Such a retest is another confirmation that the neck line really exists. There is a clear downtrend (white line), the paper cannot overcome it and break out to the top. For this to happen, all Intel competitors probably must simultaneously declare their bankruptcy). This technical picture excludes any investment in this asset.
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INTC Potential LongDetails are all on chart. Will be keeping a close eye on this throughout the week.
If everything goes accordingly, I will update my plan of attack.
Happy trading!
Intel 10-year trend reversal?I'm not a fan of the question mark in the title thing, but I really don't know much about Intel's fundamentals to judge such a long term move. What I see here is big RSI divergence between the tops of June 2018 and Jan 2020. And I see a descending 'arch' triangle, more visible on the weekly. It will only take one or two months to see if this triangle holds. Then, we can judge.
Also, with the recent tried success of the new revolutionary Apple M1 chip, some of Intel's market share will be cut. That would definitely be a factor in the disruption of Intel.
INTC consolidation expectedNeed to be patient and wait for price to cool off on shorter TF. Approaching extremely over bought on everything but weekly.
LambdaTrader (LT) Weekly AlertLT picked up a weekly alert for INTC last week. We missed it, should've entered Friday but, can still be good for Monday. Remember LT is normally a Daily chart indicator with defined take profit and stop loss. So we can add maybe an extra week or two to the recommended days to expiration (DTE) for the weekly signals.
Can the run continue?When the model signaled buy late last month I will admit I didn't think it would be one of the better positions but to my surprise it has. We don't trade on narratives or fundamental analysis so we have no explanation for the move but the question is where from here? We would like to see it fill the earnings gap but nothing moves in a straight line. We can expect some chop potentially but as long has it holds $49 it will remain in the portfolio
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