ERIC looks like it's ready to run!
On the daily chart, if the stock price can break above $8.90, it should hit $10 to $12
Every indicator on the daily chart is BULLISH
As for the Weekly Chart goes...
Every indicator on the Weekly is BULLISH
POSITION: 500,000 SHARES
INTC NVDA AMD
Advanced self-driving cars will need processors and GPU's, which means Intel and NVDA or AMD likely. Would you put another brand in with that risk?
Intel as at 618 Fib Retracement near 48.48, actual 48.53 right now and hitting resistance today. Expecting midterm election will drive this up to 500 or higher retrace soon.
4h, day and week are...
Folks, Fake News has Micron Bankrupt while other companies that depend on Micron products, Microsoft, Apple, Google, Amazon, Facebook, Twitter, Data Storage Services, in fact, the entire Technological Infrastructure depends on Memory and Storage to work so if Micron sales are forecast to sink by FAKE NEWS, the entire technology industry will crash with it...
INTC seems going for a completion for this 5 waves correction. I'm looking for a low degree correction and one more wave down to complete the Z wave. Then we can look to the price action on the lower channel for a potential bounce to the upside. Bullish divergence on 4h chart.
Intel Buy Idea @ Monthly Demand Zone (36.64 - 33.27)
Buy Limit: 36.99
Stop Loss: 32.72
Take Profit: 50.34
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of...
We are now having a look at Intel, which had a good retracement.
The price action is now trying to push above the 55 ema on the Weekly. Let's see if they manage to buy the resistance, if the bulls do, we might see a slight increase in volume, and also in price. Keep your eyes on this chart.
Intel and AMD are both making industry moves to be the best in processing sales. AMD is in front as of right now but it has also been rumoured to have a AMD chip with Intel technology to help both companies grow together. This is yet not confirmed but it is defiantly an opportunity for the market. having both companies together but having AMD sel this product will...
Yesterdays selloff was only weak hands getting out. Best time to buy the dip imo!
Bad news from Intels open letter for the Suppy shortage update, what it actually said:
"we cant seem to make our 10nm work in time, originally we had planned 10nm for 2015, but now we need more time to at least end of 2019! lol?
in the meantime we get back to 14nm to provide supply...