INTC. Bullish Pullback setup. Some bearish signs to look for.Nobody ever knows what a stock is going to do, unless they are really way at the top and manipulating the market like a sissy would do.
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This is a bullish pullback, and I've included some bearish price action elements I'm looking out for that give me pause before pressing any buttons.
Trade ideas
$INTC in correction modeThe bottom trendline of an ending diagonal has been broken, and we could have started a short-term correction.
It´s still too early to call correction targets, but ideally I´d like to see a pullback to the mid-50s (fibonacci levels, beginning of the diagonal).
After we see a clearer "signature" of the correction, I´ll post an update.
Bullish on INTC(This is not financial advice)
Hey everyone the market is very weird right now in that you can get a sense that nobody really knows what they want or how they feel. But there are still stocks that we can be confident in and in this case I feel that it is a facts over feelings situation. that we need to keep in mind.
Intel has a few bullish signals over the next few weeks and days. Intel is a big chip supplier and supporter for Apple which is releasing multiple new products on April 20th which should be great for the stock. This combined with the conference that Intel is having about new chips and AI technology should be great for the company and stock. Intel is also reporting earnings this week which should be bullish news as well.
The TA for this stock is also a good look. It has been on a good uptrend for multiple days and after bouncing off this support we are looking for a 10% gain. We are also looking for a buy signal on the MACD which would confirm this breakout.
Overall I am bullish on this stock over this coming week and if you agree with me or have other opinions on the stock let me know in the comments. Be sure to leave a like and follow if you like my ideas.
Thank you!
- Vlaire
Breakout or Breakdown eminent?For the past year Intel has taken a beaten. This started when Intel announce they will not be delivering the new smaller nano meter chip. Subsequently after that earnings report the stock dumped 20 %. Since then the stock has trickled lower with a few up ticks creating lower lows. Over the past few months it has a created a descending triangle, which coincidentally matches the long term trendline. I think the stock is reaching a point where it may break out further, or completely breakdown. Possible plays include a strangle or straddle to capture any big swings. The fundamental side will indicate to take a short position in part due to the strong demand for AMD chips, and with the increasing trend of major companies, such as Microsoft and Apple manufacturing their own processors.
Looking to bearishly breakout of a Rising WedgeThis is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see..
I believe that a reasonable target for a breakdown of the wedge will be towards the 200 SMA and EMA at Around 54 dollars or so.
INTEL (INTC) opportunity with RRR 1:6,5NASDAQ:INTC Few points about $INTC (Intel) which shows this stock is undervalued and good to invest:
1. Total revenue TTM: 78,1B USD
2. Net income TTM: 21,95B USD
3. Total equity (2019): 77,5B USD
4. Free cash flow TTM: 20,32B USD
5. P/E: 9,23
6. Gross margin > 53%
7. Dividends yield FY: 2,8%