Intel Corporation Short Term We look to Sell at 35.22 (stop at 36.86) Preferred trade is to sell into rallies. The medium term bias remains bearish. Price action has been negative with losses breaking below our previous support level and we expect a further drive lower to follow. There is scope for mild buying at the open but gains should be limited. Our...
INTC $INTC Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
After checked only in 1d and 1w timeframes I was able to see a knowing bearish price-action pattern which indicates that we are almost about to SELL, as per supports in 1d and 1w I just add an arrow which indicates the most possible FIRTS target, need to go deep into analysis in order to check if stonks will stay there or they carry on with bearish trend.
Intel Corporation - Short Term - We look to Sell at 48.40 (stop at 50.05) A shooting star has been posted as prices reject the higher levels. Previous resistance located at 49.00. We look for losses to be extended today. Price action remained broadly negative yesterday with the early highs being rejected after bullish momentum stalled. Our profit targets will...
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. 27% of AVGO Broadcom revenue comes from China. My one year price target for INTC is $48, but after it moves lower, to $43.60 or $42.40 Looking forward to read your opinion about this.
Intel, which plans large investments in chip technologies in the next four years, warns that it will be free cash flow negative this year. INTC predicts 10% to 12% annual revenue growth by 2026. As a speculative buy, you can take into consideration the 44-45 usd area of support for a bounce.
I like doing iron condors on Intel all the time and consistently just keep rolling them out. Never a huge risk play with Intel in my opinion with smaller spreads but always adds a little daily theta to my portfolio. I don't do a lot, really none at all, Elliot wave counts with Intel. Recently, I just draw supply and demand zones and trade the range. My play:...
Intel has a beautiful curve that has came up to the previous high on a monthly chart as is now playing a nice channel. We are currently sitting on support for this channel and if broken support, then this is probably a double top and expect a correction. Im only looking for a short channel support break. Otherwise I'll scrap and move along. AMD, NVDA, INTC...
INTC is currently consolidating and is trading in a range on bigger time frames. We do not have clear direction of the trend, and i would not advise to take a trade until we cross the significant level. LONG : i would enter long at 62 level with 1/3 of my position, because we have to be prepared of a fake breakout. ( 80% of all breakouts fail, they usually...
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....
63.80 is my invalidation... I’m cautious with this one here. Bear argument is that possibly we are forming a running flat correction to complete overall abc retrace. Then again, how many computers have people and companies have to had buy to set up work from home... I know my work had to purchase a lot! If we break 63.80 I’ll reassess but until then, with it in a...
Touched the down trend line right at beginning of day and right at the end of day. Still leaning to downside. I know others may have different counts but for me, I’m keeping my count unless we get a higher high above 61.49 for a possible invalidation. Currently still holding onto small short position I entered other day.
Closed within pennies of the 50% retrace today. Tomorrow will be another day to watch closely. If stays under 59.72 I think it can turn and head towards the 54 price range. Entered a short position right at end of day just as price closed in on the retrace target. Will invalidate my count if 59.72 is broken.