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.
Saw a deep retrace back into Daily Supply. I still think it gets hung up here and we continue to see downward pressure to daily demand around $50.
Major support has been tested multiple times around $45. Should it fail, with Wave 3 being less than 1.618, wave 5 tends to overextend itself. Targeting a price point of $35 - $33 to look at building a long position to capture a relief bounce for Wave B of the ABC correction (5-3-5) I’m leaning towards.
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.
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...
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Likely there is some more upside potential here but I would be looking for a "green to red" day here. That is, when the day opens green and gets a rejection and flips red. That's an indication time is running out for Intel. I'm...
Read more: www.pretiming.com Stock investing strategies Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
I think this is a relatively safe set up because of the way tech is looking as a whole. Wait for price to break yellow line for extra confirmation of trade playing out. Conservative stop is still pretty solid in terms of risk so hypothetically it could run that long and still play out. But probably best to just use the tighter stop, especially if yellow line...
Fundamentals are still hot. So, expect one more leg down soon.
The symmetrical triangle has resulted in a bearish breakout (over a month so most likely true). the trend is downwards due to the breakout so shorting it would also be a good idea, especially if it makes the first price check. This is a short-term trade and will have to be monitored. At this point after looking at the trend; I personally, with my limited...
Although, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should...
Five waves up means three waves down should follow