Intel has reached a nice support area. I believe this is a nice time to get in the stock.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
INTEL #INTC has a clear long term long bias, buy opportuntiies at strong monthly demand level around 37. In an uptrend, demand imbalances are created and respected
September 2017 was the last time that $INTC was trading closely to the 200MA. The breakout at the $38 price level quickly led to higher prices. I think this revisit (almost) to the 200MA is a trade idea on the long side. This would be assuming that the longer term momentum will continue to push the stock higher and that indices will reduce in volatility.
Beyond ...
The symmetrical triangle has resulted in a bearish breakout (over a month so most likely true).
the trend is downwards due to the breakout so shorting it would also be a good idea, especially if it makes the first price check.
This is a short-term trade and will have to be monitored. At this point after looking at the trend; I personally, with my limited ...
While the ADX is quite high, the PVT is however below zero so this might not be the best to invest in..... especially since it seems to now be descending.
However, I'm here to tell you it might be a smart idea to invest as Intel has just confirmed that they are entering the GPU market by 2020 and hence preventing NVIDIA from becoming a pseudo-monopoly.
Intel's ...
iExec formation is looking pretty nice here
Fundamental Analysis:
Intel collaboration on privacy-preserving offchain computing.
Ubisoft collaboration.
Less than 5 days until the launch of iExec V2.
Technical Analysis:
Cup and Handle formation almost complete.
Await breakout of handle formation.
Target - 4000sats
STOP LOSS: 2007Sats
INTC has formed a PBT&CA yesterday.
This means that could have found a support level that could be a good entry point.
Stock strenght is above 60.
I'll keep this stock in my watch list and enter when slowstochastic is going above 20 or check on lower timeframes if there is a entry signal.
Disclaimer:
This is just my tought: don't invest based on this idea.
I belive it is worth a short bet on Intel corp. It seems like we are in close to top in sideways channel. If you take into account the insecure times, it makes it easier to take a short, despite the enormous bull ride we have experienced in 2017. I belive the market will be different in 2018. It will most likely be a more sideway year.
We have immediate resistance at 50.84, passing this level unlocks the upside, and with support of good fundamentals price can reach 60 in the following 2-3 months. Today price up 2% so far.
Intel is forming a broadening trend. If it breaks through the resistance at ~47, it has the potential to reach a target of 52-56. Additionally, the candles remain above the 50 and 200 moving averages. We will see in the next couple weeks!
STOP LOSS: 46.77
TAKE PROFIT: 42.56
Risk-reward: 2.17
Longer term trend: Sideways
Current trend: Bearish
General comments:
Bearish movements seen at the end of Jan-18 with recent low being around $42.5. Price then moved higher till current price whereby it faced strong resistance - a strong daily resistance which coincides with the 50% retracement of the bearish ...
