Think we can push from this demand level and try to go and close the gap. Open tomorrow will be a big indicator for me as it looks like we are setting up the 1 - 2 wave movement out. These sell offs can produce good rallies by picking up buyers in good demand. However, this is the second time we have visited this level. Game Plan: tomorrow open is important. If...
Again, having a plan and sticking to it with patience helps with consistency. As I mentioned in previous post, I was staying out until either one of the zones were in play above or below. The below came today and I had mentioned a print below we will go visit $56. We opened right at the 58.39 “uh oh” line I call it. Watched price action (had two 5 minute...
If this wants to go higher I think it needs to clear 60.81 which can be a big hurdle I believe. I think we will get a bounce out of this demand for a potential small day scalp but other than that I’m not making any large moves on this. Below 58.39 I think we go and revisit the 56 area. Above 60.81 I think it can push to 62. Until then, I’m staying out. I’ll...
Pre market consolidation in supply and failing to get above 62.85 = good recipe for rejection. As mentioned in my prior post for this one, suggested this could be a good entry for a short position! With a rejection at that level, I think INTC just made it harder for itself to invalidate my bear count. Now we saw it rejected supply and faded right down to demand....
Waited patiently for this to fall back into demand. Lot of selling into demand and took a long position. Rode for a nice quick gain out. Still think it can get to 61/62 but will keep watching.
Took an intraday short trade today when INTC entered (and overshot a bit) a first primary supply level I was targeting. Watched price action and was able to get a good fill on some puts for a nice gain today. From here I think we continue down to demand level for "b" and then reverse upward towards "c." With the craziness of this market, will watch the up...
I’m counting 5 waves in for “a.” Looking for retrace to demand for “b” before heading up to price target of $62 for “c.” Will watch to scalp a short but primarily looking for a long position on a retrace.
Basic analysis of a promising cup and handle formation, firstly I believe tech stocks will hold this market up during this period of uncertainty, and Intel is a great example. With this bullish formation, after a small pullback to form the handle Intel is setup for a nice run. I might go long on this.
Never seen stocks so cheap in our lives. Anyone can make $1 million
Islands form when 'prices gap up to the formation and then gap down at the same price level' this is what traders would call an island top, where the initial breakout is upward, forming the island seen, and then a drop back down to the water follows so to speak. With a 23/23 success rate in a bull market according to 'Encyclopedia of chart patterns' islands are a...
Looks like a cup to me, whether the handle forms or not is another question. Waiting for a lower entry is the best bet if following this chart. The bull trend will continue very strongly after this development. Intel is creating some very powerful processors and investing in AI development, these fundamentals are promising for the future of the company.
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
bullish divergence.. falling wedge.. hammer candle two days ago. oversold af.
buy @ 43.81. I would call this a rather aggressive pattern because weekly support isn't right below the X point. Still a good opportunity if you are looking for an entry on this stock.
While the ADX is quite high, the PVT is however below zero so this might not be the best to invest in..... especially since it seems to now be descending. However, I'm here to tell you it might be a smart idea to invest as Intel has just confirmed that they are entering the GPU market by 2020 and hence preventing NVIDIA from becoming a pseudo-monopoly. Intel's...
Giving a wide stop just in case the market decides to pull back some. Don't want to get knocked out too soon. Let's see how she does :)
My speculation is this is going to b/o toward $50 within the next 30-60 days. Profit taking will come to an end soon. I am in a long position. Good luck. Happy trading.