INTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return....
NASDAQ:INTC has reached run-up Point of control and accumulation is now taking place. I predict a jump to $47.25... Bear in mind, this is the daily chart, and we are still technically in a down-trend. So this would be more of a swing trade.
Leading to the most recent earnings report, Intel had reached a 61.8% retrace from High to Low and was showing signs of reversing, so I decided to take profit on Intel. Now, upon spotting a potential trend continuation Bullish Gartley I now think it's possible for INTC to recover from here and perhaps go all the way for the 0.886 at $64.90, so I will be buying...
Intel (INTC) continues within a weekly downtrend channel; however, signs of a daily uptrend are present. If weekly closures remain below the daily uptrend channel, a pullback towards the middle band of the weekly downtrend channel could occur. Approval of President Joe Biden's stimulus package may sustain the upward trend. A weekly closing above the weekly...
NASDAQ:INTC Intel is forming a potential head and shoulder pattern.
If it breaks below the neckline, it can fall further.
However, the pattern is invalidated if the price breaks above $46.👀
Downside targets:
$39
$38
$35
$34
We can see there was a cup and handle in a very similar formation preceding the one that is currently forming.
This might print if it is the same exact formation.
