timwest
Short

Intel Corp INTC Daily - REPUBLISHING BIG SIGNAL from May 16

NASDAQ:INTC   INTEL CORP
324 5 8
I'm putting this on as a short just to make the system post a red dot on top of the chart. It is an "exit long" signal from what was an ideal entry with ultra-low "heat" (or loss along the way).

With INTC             hitting on an the breakout lists, I felt it was imperative to show the low risk entry afforded us on the last pullback to support levels somewhat "hidden" from general view.

Cheers.

Tim INTC             28.24 last +0.06 12:04PM EST 6/9/2014
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JigneshRathod
2 years ago
i agree with this one...its realy at peak and now its time to short...anther one is MCD. its good and cheap options and bad earning, bad results and bad forecast....whts your thoughts?
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JigneshRathod JigneshRathod
2 years ago
Hi Tim - I bought puts 2 days back and sold today as i wasnt seeing any downside movement even market went down nice. I sold at good time and look at today AH. Its up 1.34. It broke the resistance with strong qtr forecast and now it can go up more till erng on 15th July. I feel it might hit easy 32.
+1 Reply
timwest PRO JigneshRathod
2 years ago
I am flat in INTC. Thanks for the update. I did see it in the after-hours moving up strongly.
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LEONES PRO
2 years ago
Tim, if you look at the monthly chart we are in front of a massive inverted H&S
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timwest PRO LEONES
2 years ago
The long term is very interesting indeed. INTC has some solid momentum and great products to drive earnings growth for a long time. The chart is constructive on the monthly and is at a new high going back 10 years. The rules that I use to define Head&Shoulders and Inverted H&S do not allow me to label it as an inverted H&S. Basically, the logic is that you need to have a BODY in order to have a Head&Shoulders. The body needs to be twice the size of the H&S at a minimum. This is just the way I look at it. The H&S is a reversal pattern, but you need a trend to reverse and hence the reason for the move before the pattern to set it up. The monthly is a range expansion and let's hope for some shorter term corrections to enter long in INTC. I'll keep a close eye on it as I watch it every day. Thanks for the comments and questions.
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