Intel forms a cup do i hear a handle??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.
Intcshort
INTC IslandsIslands 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 reliable way of picking possible reversal points.
Intel (INTC) - Becoming overextendedNot 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 looking for a pull back to at least the 55EMA or 21EMA which actually did just cross bullish on the 12H chart here. It might be too early to tell for this asset but indicators are telling me we're about done with this rally.
Trade safely friends!
<3 -CE-
INTC forecast timing 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 rises.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.4% (HIGH) ~ 0.5% (LOW), 2.1% (CLOSE)
%AVG in case of rising: 1.7% (HIGH) ~ -0.7%(LOW), 1.3% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.5%(LOW), -0.7%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
INTC Potential Short Set UpI 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 is broken.
Deeper targets are very likely when this starts.
INTEL SHORT/LONG - SYMMETRICAL TRIANGLE/ BEYOND TECH ANALYSISThe 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 experience, recommend shorting it though it may be beneficial to wait to see if it hits the price check and to see by how far it hits it.
At the same time, do note that Intel just confirmed GPU's and hence the stock may start rising; my diagram is one zoomed out so please do be careful on whether the gpu announcement will change anything!!
*Please give me feedback, this is my first time setting a price check so take my words with a grain of salt
Intel Set To Lead Intermediate Bears DownAlthough, 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 fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.