GO LONG INTC!!!Bullish consolidation above relevant moving averages, supported by moving average crossover! First target $55
INTC
INTC possible cup and handle INTC has painted a perfect cup and handle pattern for us, as you can see we have closed right at our pivot point so we should see some type of breakout or rejection from this level..Ill be looking for a break of 48$ to enter my long position with my first target being 49.50 with a final target around R2 or 55$...I trade options so ill be looking at calls with a strike price around 50-53 and expiring mid August sometime. Looking to ideally only be in this trade for a few days no longer than 1 week
INTC BUY setupINTC price near to strong support line and trend line. possibly buy. wait for abc confirmation. I also watching this one .
#VolatilityWatchTechnical indicators looking bullish for #intel. Weekly chart shows recent MacD Crossover, with Directional Movement indicator (DMI) crossover suggests bulls have control of trend with $INTC. INTC is currently trading above the 200 day moving average, which has acted as support but is not support traders should be watching. Previous pattern suggests Intel will continue to build out a symmetrical triangle pattern along with a current cup and handle formation where #INTC would get close to testing the $60 level. On the other hand, at this $59.92->$60 price level there is a potential triple top to watch out for as it could be a point where shorts would start piling in. On the event of a breakout, INTC could easily be trading back above $60.
Downside risk seems minimal if you are a long term investor. Watch for 618 retracement to continue uptrend. This would also take price to long-term support at $46 and I believe this would make a very compelling value play for investors and funds who are still sidelined.
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Disclosure: I do not own INTC. I am not a financial adviser and this is not note to buy or sell. Please do your homework before investing.
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said.
The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity.
The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said.
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*We could possibly see some volatility this week with this meeting.
Good buy for potential 5-15% on INTCGood potential for buying INTC. Has been on upward trend over the past couple weeks with no break in pattern. Buy next week for a potential 5-15% return.
INTC AnalysisDecending wedge breakout possible here for the bulls or bears... keep watching for rsi to diverge and break trend lines 1st... $42 area must hold or plummet occurs... spot is $54.00 that looks ripe and sweet or $42.00 which makes for queezy stomachs for holders.
INTC stock price forecast timing analysis by pretiming algorithm27-Jun
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.7% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -2.1% (LOW), -1.4% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
INTC Has Massive Gap to Run DownINTC not only had a poor earnings season, but it also faces challenges from recent new tariffs in China. Intel’s stock price has fallen back to the lows of December 2018. This should provide support for the stock due to fundamentals.
INTEL - The Strong Support and New Buy OpportunityThe market made a huge gap and it helped the price to reach a support zone. This zone is between SMA100 and SMA200. It also includes 50.00 support level. The price reversal from this zone will be able to give a possible buy opportunity.
RSI line is at the oversold zone and it will be able to give us a good confirmation for the price reversal. MACD histogram also will be able to support an upward movement as soon as we will get several bullish candles.
If the price drops below SMA200, the trading ideas based on the reversal from the support zone should be changed into a new one.
INTC: New high likely to shift sidewaysINTC is in the 5G competition this year. It has moved out of a short-term sideways pattern to a new high, but not a new all-time high. The previous all-time high of 2000 was approximately $75.00. VWAP orders are likely to chase. The pattern may shift sideways again.
AMD ready for move to $12?Analysts do not have an economic slowdown priced into their fiscal year 1 & 2 earnings estimates.
MSFT still looks higher but reducing exposure is wiseThis is a company that showed up on our radar last December, its performed fantastically since!
Near term risks are present so do yield caution.
AMD: The cost of doing businessWhen you short a stock you are taking on infinite risk, if the roles were reversed I would not be as tactical with this position. For now, it looks like we will trade slightly higher before another opportunity to short appears.
Weekend Review of AMDDespite Friday's low test candle, the weekly charts continue to look very weak.
INTC - LongEntry = 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
Riding the Semiconductor trend with Intel (INTC)- broke above a double bottom pattern
- MACD turning positive
- semiconductor sector is outperforming the overall market
