These spreads have some good risk / reward with the semi conductor shortage and QCOM still at a decent p/e after the dip.
buying the 19th Mar $145.00 Call
selling the 19th Mar $150.00 Call
breakevens at 147.40
Max Profit is 108%
This is a long term V Debit spread for 15th Jan 2021 135.00b - 145.00w calls.
This lines up well with the .236 retracement from Dec 2018. RSI lower than the dip back in Dec 2018. MACD divergence is very large and appear to be reversing.
After looking at INTC I noticed that there is some solid support in the current range. Potential Bull Flag and fib retracement alignment. My Price Target is around $54 for October. My stop loss is at the 0.236 retracement.
Looking at the fib retracement from the peak of July to the bottom of June there is some great support / resistance alignment. Overall sentiment in the political arena and the technicals have me leaning to a bounce then a dip back to 288ish by the middle - end of August. FED will (most likely) cut rates in September.
