Despite all the issues regarding a new CEO, Intel has made a fantastic recovery from the December lows. It is expected to reach a new high but maybe a slight retrace first along with the broader chip sector which is quite overbought. This is a safe stock and rewards its shareholders. Stick with it long term, it could be said it is the adult in the room of chip stocks.
INTC is in the 5G competition this year. It has moved out of a short-term sideways pattern to a new high, but not a new all-time high. The previous all-time high of 2000 was approximately $75.00. VWAP orders are likely to chase. The pattern may shift sideways again.
- Wave 5 hitting the rising resistance @56.50
- Stochastic ready to go down
- 15' RSI negative divergence while stock making another higher high => bearish signal
Honorable Mentions
This week we've seen a flurry of new open-source scripts hit TradingView, empowering it's users with trading ideas and programming techniques. "By Traders For Traders" by Dunhua-Yao, a potent modification of JustUncleL's "Price Action Candles", uses tighter criteria for 'Hammers' and 'Shooting Stars'; "Blau Divergence RSI", by blindfreddy,...
Looking at the weekly chart.
the climb has been 161.80% from the bottom @ 42.36. Secondly the climb is 88.6% to the top of 57.67. The move up has a 5 wave structure with Y to Z move throwing a divergences in the indicators.
Daily Chart.
as above 5 wave move, 88.60%fib retracement.
Hourly Chart
Hourly chart shows 3 wave move down which could be all the correction...
Entry = Break above breakout. I'll get in if I see its finding support at the bottom of the channel
and moves above breakout level.
Target 1 = 54.30
Target 2 = 55.19
Stop = Close below breakout level
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company's segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.
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INTC
