Timeframe: 1-2 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue...
Shorts look good in this area above green. stops above white. targets below green. This one has tagged the orange line so if price fails to gain here theres a solid chance the yellow line (40) will get reached. THIS IS NOT FINANCIAL ADVICE. THIS IS RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW MY TRADES.
Great chart here for INTC - bouncing off nicely from the $60 level and breaking smoothly (and with strong momentum as shown by the UTO) thru the supply/demand "balance line" at $61.5 ..
we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow..
Price projection: this was a measured move of $16...
This is when i warned you about the possible INTC selloff, when Apple announced to Ship Macs With Its Own Processors Instead of Intel:
Now the new Chief Executive Officer Pat Gelsinger signaled the lack of a strong embrace of outsourcing!
Options Bearishness for NASDAQ. Attention goes to tech sector. Intel had a good run last week. Unexpected climb almost a full $10.00 bull move. Should retrace to re-balance and fill pending orders that got stuck in the gap up.
Have you ever been at a party and talked to a very intelligent person about their specific field of expertise? Those conversation can get very long and hard to follow...
Last night I had such an opportunity to speak with a software developer that knew a lot about Intel's chip architecture. He was incredibly passionate about NASDAQ:INTC and its future product...
I bought intel on a reversal trade at 47.05 in late November. The trade started of well with a big surge in early December only to give up all the gains by December 21. I stuck with the trade though because the broader reversal play back into the range was still intact- price held above the lows of 43. By the beginning of January the gains returned and on the news...
I like doing iron condors on Intel all the time and consistently just keep rolling them out. Never a huge risk play with Intel in my opinion with smaller spreads but always adds a little daily theta to my portfolio.
I don't do a lot, really none at all, Elliot wave counts with Intel. Recently, I just draw supply and demand zones and trade the range.
INTC could be setting up for a big move.
The dip below the 50 mark was eaten up fast. Usually INTC is not a fast mover, also closed above the 200 ema today.
Watching for a break and hold of 52.76 to go long.
PT4 gap fill over 61