INTC bullish MACD divergence. It appears that $23.20ish is forming as new support. Stock indicate oversold conditions. Wait for price to settle and MACD line cross-over, Stoch > 25 will confirm bullish posture and downtrend reversal. Don't forget, INTC earnings are 16-Oct, a month from now.
INTC RECENTLY GUIDED LOWER CAUSING SELL-OFF WITH WEAKNESS IN PC MARKET. KEYS TO WATCH: 1) SEE IF INTC TESTS THE LOWER TREND AND CAN HOLD IT. TEST DOWN TO 21.70 IS STILL HOLDING 2) SUGGEST COVER SHORT AT TREND LINE TEST 3) IF YOU SEE A FURTHER BREAKDOWN TOWARD 19.50 LEVEL RESUME SHORT.
The price broke below the 25 support and was unable to push back through it. With 25 now serving as resistance, I'm looking for the Stochastic to embed before committing to a large position. Target: $23
Reversal candle just outside wedge. Expecting a reversal with a target of around $26.
Daily setting up nicely within wedge. Looking for movement towards bottom of wedge. Ideal entry is around $26.5, but $26+ would also work.
Stock broke its up trend line a few days back , and also broke support around 26.15. Stock might go up, and trade perhaps between 26.10 and 27. But overall direction is down.
In regard to the price predictability there is interesting cycle in INTC price over last 3 years. During 2010 and 2011 bullish markets Intel has touched its bottom in September both years. The evidence that INTC registers its price peak during the spring is clear – 2010 ceiling has been registered in April, the 2011 one – in May. Cycle length is approximately 240...
Here is a longer-term view of INTC and the accumulation pattern that it has been in. The lows are higher and the highs are higher, which is a simple way to say the trend is up for INTC. Recent weaker than expected announcements from the company have softened the price of INTC shares, but they still have room to fall to reach the "value buyers" which have been...