INTC, Price for next month looks like a Bullish overall trend, for now, COVD-19 might Change this I will Keep up to date!
$INTC is getting ready for a breakout. $62.13 is the critical resistance to get above. Watch RSI break out as well. if you find my charts useful, please leave me a "like" thx
I initiated a long on INTC a week ago, guess i was too impatient with the lack of action recently. no regrets, as this position is planned to be a buy-and-hold for few months. i like INTC and believe it's one of those value plays - especially with 5G potential - will accumulate if it goes below $56. short-term, i still maintain a 10% upside to the target...
Just parked right in the middle of a chop zone not knowing if it wants to gap fill or go back down. 59.40 and 58.50 are the prices I’m watching as a break above or below will send this to the respective supply or demand zone. It has been trading sideways for awhile consolidating; whether it rallies or drops will have to wait and see. This is perfect example of...
4H Chart Explanation: - Price broke the Descending Trendline. - Price is currently on a Bullish Corrective Structure. - If it breaks, potential to move up towards the Resistance Zone. Weekly Vision: Daily Vision: Updates coming soon!
INTC is currently consolidating and is trading in a range on bigger time frames. We do not have clear direction of the trend, and i would not advise to take a trade until we cross the significant level. LONG : i would enter long at 62 level with 1/3 of my position, because we have to be prepared of a fake breakout. ( 80% of all breakouts fail, they usually...
If price returns to March's high, then I'll begin looking to purchase call options as close to the 59.00 strike as possible. These calls with have an expiration of June 1.
Think for INTC to try and save itself tomorrow it needs to get above 55.75 if it wants a chance at reclaiming 55.93. If the 55.93 zone rejects, I'm leaning towards price testing the new low made and will look at a price target of 54.13 to the downside. Game Plan: If it can reclaim 55.93 and print above, make higher lows (despite the lower low put in), I would...
INTC actually provides very solid numbers last quarter, while the market still slumped it in after market trading. I'll be willing to look for some trades to long around 50.00 spot, which is also near 0.618 spot and the runaway gap. Not really willing to put the out below 43 to be a 15% risk trade, instead, I'll choose to wait for intraday reversal sign to be...
Think we can push from this demand level and try to go and close the gap. Open tomorrow will be a big indicator for me as it looks like we are setting up the 1 - 2 wave movement out. These sell offs can produce good rallies by picking up buyers in good demand. However, this is the second time we have visited this level. Game Plan: tomorrow open is important. If...
Again, having a plan and sticking to it with patience helps with consistency. As I mentioned in previous post, I was staying out until either one of the zones were in play above or below. The below came today and I had mentioned a print below we will go visit $56. We opened right at the 58.39 “uh oh” line I call it. Watched price action (had two 5 minute...
If this wants to go higher I think it needs to clear 60.81 which can be a big hurdle I believe. I think we will get a bounce out of this demand for a potential small day scalp but other than that I’m not making any large moves on this. Below 58.39 I think we go and revisit the 56 area. Above 60.81 I think it can push to 62. Until then, I’m staying out. I’ll...
Pre market consolidation in supply and failing to get above 62.85 = good recipe for rejection. As mentioned in my prior post for this one, suggested this could be a good entry for a short position! With a rejection at that level, I think INTC just made it harder for itself to invalidate my bear count. Now we saw it rejected supply and faded right down to demand....
63.80 is my invalidation... I’m cautious with this one here. Bear argument is that possibly we are forming a running flat correction to complete overall abc retrace. Then again, how many computers have people and companies have to had buy to set up work from home... I know my work had to purchase a lot! If we break 63.80 I’ll reassess but until then, with it in a...
Touched the down trend line right at beginning of day and right at the end of day. Still leaning to downside. I know others may have different counts but for me, I’m keeping my count unless we get a higher high above 61.49 for a possible invalidation. Currently still holding onto small short position I entered other day.
Closed within pennies of the 50% retrace today. Tomorrow will be another day to watch closely. If stays under 59.72 I think it can turn and head towards the 54 price range. Entered a short position right at end of day just as price closed in on the retrace target. Will invalidate my count if 59.72 is broken.