This Week FORECAST
Opportunity for INTC. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Go to your weekly chart here... Now place your 20sma on the chart; you'll notice INTC never closed beneath that weekly 20 since spring of 2023.. last 3 straight weeks Intc has tagged its 20 including today.. If it closes below 42.50 then the next target is 40.00 or trendline support.
Looks like a H&S to me with a target pf 30-35$.
But the trendline support...
Hello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2017 we had a major triangle breakout on Intel which was followed by a +70% rally. Then in 2022 Intel broke major support towards the downside and reversed perfectly at a major previous structure. Since Intel is now back to a bullish market, I am just waiting...
Intel reported second quarter earnings on Thursday, showing a return to profitability after two straight quarters of losses and issuing a stronger-than-expected forecast. the stock rose 7% in extended trading.
Here’s how Intel did versus Refinitiv consensus expectations for the quarter ended July 1:
Earnings per share: 13 cents, adjusted, versus a loss of 3 cents...
NASDAQ:INTC
Analysis is based on simplified Smart Money Trading Concepts.
GRADE A setup!
Even though this analysis is on the Daily Time Frame, the market structure is actually based on the Weekly Time Frame denoted by the "W-BoS". The "Strong" low of $41.17 is considered the trade idea invalidation point. Any break and close on the weekly or daily timeframes...
Straddle with a slight bullish bias is the way to go I believe. Making a nice base around 41.5-43.
As long as overall market holds up, you should be okay to be cautiously long.
Alot going on here.
Big things to understand, intel is not only in a descending channel but is trying to breakout to the upside. We could be out of this channel anytime between now and the next week.
Bullish case:
Intel is retesting again the weekly 200MA intel has had nothing but respect for the weekly 200MA since it's run began last year. The weekly 200MA is...
Alot going on here.
Big things to understand, intel is not only in a descending channel but is trying to breakout to the upside. We could be out of this channel anytime between now and the next week.
Bullish case:
Intel is retesting again the weekly 200MA intel has had nothing but respect for the weekly 200MA since it's run began last year. The weekly 200MA is...
INTC forming this beautiful upward trend since last 1 year. If we follow this pattern, it should decline to around $40 in next 1~2 weeks touching the lower trend line.
If it bounces from this lower trend line, it could be good buying opportunity for a short term target of around $50, where it might will face some resistance.
This Week FORECAST
Opportunity for INTC. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
The price has spent almost 24 years in a correctional area. It does not make a new top or a new bottom. It just goes on a correction. It flattened out three waves. The end of the correction approached after making another simple and final correction for the shaded area to form the bottom and start from it to break the historical top and make a new peak.
Intel is gaining its share back in chip manufacturing.
It is getting orders from various countries
Technical points:
Volume is increasing month on month basis
Bouncing back after hitting bottom and consolidating there for a while.
Big bullish candles on monthly chart
50% price correction is done along with PE
RSI is above 60 which is again bullish...
AMD and NVDA get all of the attention. Intel makes CPU's, GPU's, and AI chips just like NVDA and AMD. Most people have not even heard about Intel's Gaudi AI chips, but everyone knows about NVDA's and AMD's. The difference is that Intel fabs a lot of their products and is spending many tens of billions of dollars to build new fabs to not only make all their own...
As we can see intel was in a very consistent bullish parallel channel over the last year, recently we broke out over a major major level of support of $43 (2017-2020). We have pulled back to that same level of support. Excellent entry. Personally I wrote some weekly put options hoping to get assigned and collect some premium prior to the move up.
please use a...
I expect semi's to continue a correction on Monday but the Initial reaction to earnings was too strong. RSI trending down, but outside the envelope. I will check pre-market and see how it's trading and consider getting part of my position pre-market. If all semi's are opening down, I'll take into account how far intel is opening down outside the envelope.
