Looking for longs out of channel break and the new internal recently formed channel also.. We had a bullish kicker out of the recent ranges showing the buyers enthusiasm to get into this stock with force. An open higher tomorrow after the doji type candle we saw today will show the buyers continued enthusiasm. An open higher tomorrow will give more buying...
See chart for IHS / neckline and pitchfork median line. While elipses on median is for a longer period, the price movement / volume from today implies a rapid move to the midline and $36 to $37 resistance at $33 (the neckline) and then 34.64 ahd 35.33.
Inverse Head and Shoulders potential brake_out, to long. Cypher at down_trend line, to short. Earnings due 14/4, hence increased volatility possible.
I expect the continuation of the wave C.
The next potential key long term and MAJOR support area to watch for Intel. watch for a reversal or a breakout. Note: A breakout below that support could signal a major trend reversal. Regards; Technician www.thefxchannel.com visit.. vote..subscribe
Intel surged on Friday due to talks about taking over Altera Corp. The daily chart is overbought so I would wait for a correction. The weekly chart shows a double bottom at the previous high. Force Index is going back into the channel and the impulse is blue. Not too much to say about this chart, it is simply bullish!
The last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at...
Spikey INTC will rebound by 20% (of which 18% remains to be accomplished. My prediction of an up-spike on 21 Jan proved premature. The trend is upwards; the swings are huge.
S&P up and and has pulled back to objective demand, Intel is also up and at an objective weekly demand level from mid nov 2014, a pause to rapid indicating there was actually far more demand then sell orders there. It is my hope that there will be some left over buy orders or/and that after this sharp move down there will be a greater Suppy/demand imbalance....
Decision Area : 32.54 Up or Down ..
Publication of Q4 results on 15 Jan prompted a spike of 2%, on Intel's downswing. This was followed by two more spikes. The downswing is at or near its end, and it should rebound strongly off the bottom line (unless a correction in the Nasdaq gets under way and brings down everything). An upswing of nearly 10% is to be expected, spread out over a week or so. Entry...