INTC wedge in strong uptrend

Market is choppy in 2014 with lack of continuation moves both sides. So, theme of the year is stock specifique approach. I am looking for strong stocks, buying pullbacks and support.

Intel is in strong uptrend since the beginning of 2013 year.
Now, stock is wedging. Support at $26.00 could be our stop.
Next resistance (target is $27.12 double top )

If it will break down $26 where 50 MA lies, then next buyable area could be 200MA and major trend line at $24.50-.75.
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы.
I am watching this one like a hawk too - ready to get back in on the long side. I like your comments and charts. Nice work.
I have "breakout failure" scenario of SPY in my head and with recent weakness in technology sector Intel may drop $26 and pull back more deeply to major trend lines.

Thank you, I appreciate your feedback.
+1 Reply
timwest andrew.berg
I'm still watching... this washout under $26 might be a decent time to get back in.... I'm very close to buying
very nice, steep move in Intel. Now it should hold above previous swing high at $27.24 to keep its buying momentum
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out