INTC - H chartThe hourly close below the support 60.75, the double top pattern is confirmed, and the target becomes 158.15
first PRZ from 58.50 to 58.15
second PRZ from 57.55 to 57.30 Potential
PRZ = Potential Reversal Zone
INTCC trade ideas
INTC INTC- Just had a golden cross on the daily chart (50 MA crossing above the 200 day MA); Cup and handle on the daily scale; breakout from here can take it to $72, just below 75.75, a multi-year resistance of a multi-year bowl/cup. Biden admin reviewing semiconductor/REE/etc supply, rumored to be signing an exec order to fuel the US semiconductor industry soon.
Intel - 4 possible harmonic patternsIntel has formed a bullish Crab at the end of October, followed by a bearish Shark in January. After returning to the upward trend, it has recently bounced off from the resistance level at around $62.50 (red rectangle).
However, if it breaks that resistance line, we have multiple possible harmonic formations that can form above:
Bat at $64-$66
Alternate Bat at $69-$72
Crab at $74-$71
or even a Butterfly at $78-$75
Around $59, we have a support line (green line).
There is a lot going on in this chart, so here is another one without harmonic predictions:
All the formations use 5% error margin.
Intel - bright future aheadJust buy every dip and you will retire like a boss.
Company is great example of inefficient market - their CPU technology is one of the best and it is a free cash flow generating machine.
Deep otm calls with 80$ strike for 2022 look tasty because of cheap IV.
INTC OPTION PLAY UPDATE (Original was Feb 4)Here is an update from the previous option analysis.
Look below at the previous published idea on INTC
Big Gains On Intel 2021? Hard To Say!With the chatter over US supporting semi-conductor manufacturers, looks like Intel could be ready for another massive generational leap.
INTC - PUTS Options REAchedBeautiful execution price targets met easily and fast.
Great rejection where you could of grabbed OPTION CALLS contracts
More to come
* Well meet again* At&t chart drop tomorrow. Currently bearish
INTC Wave 5Intel Weekly Timeframe
Demand Zone: $56.75- $57
Supply Zones: $61 (Gap Fill), $62.50-$64.00
Breakout of long WXY correction. Foreseeable good news long-term with four new processors coming into the market. Alternative wave count: Y wave can be treated as ABCDE triangle.
Intel (INTC) Option PlayPurchased OTM Call Option on 2/3
Premium $53
Strike Price 59.5
Expiration Date 2/12
Intel Cup and HandleCup and handle shows promise
Wouldn't enter if on leverage but would definitely enter if not
This is a long term growth stock and the presence of a cup and handle emphasizes this
Chip stocks are a great purchase (including AMD)
Massive growth potential
Cup and HandleINTC was trading in an inverse H&S and has broken neckline which is now support..
Is it my imagination, or is this just not a stock to own during earnings? (o: Earnings were on 1-21 and it looks like they beat EPS and revenue. It must have been guidance? Comments welcome.
Just seems like this one does that a lot, go down after earnings right when it is getting race car ready to make a rally. No bearish rising wedges in yearly chart.
Stock is considered by many to be undervalued..Long term high is 75.83 from like 21 years ago. Yearly high is 68.09. 3 Year high is 69.29..NV and OBV are very high..
There is support at the HL, Mid cip and at the neckline so seems like a fairly safe trade. If you want to hold on, place your stop somewhere sneaky and somewhere safe. Mr Market is known to go stop loss hunting on occasion.
Cups form as price start to ride, then pull backs occur forming the rounded Bottom. you want to see a U shaped cup with a rounded bottom, an EVE bottom (o: Cup and handle patterns form in all time frames and are seen often in the market. They are relatively easy to spot. The rims should be close to the same price level but not exact. A cup with a handle that is very close to the top, can have a more explosive breakout. The handle has a median of 22 days to form but can be longer or shorter in formation. A shorter handle can indicate a better break out performance than one that takes eons to form. When price floats around forming a handle for months, stuff happens and it is not always good. Price could even get stuck in a rectangle etc.
Not a recommendation
It seems we are having more volatility as of late. That can get yoou stopped out and surprises happen that change patterns in a heartbeat. I am not sure what Monday will bring, but I hope it is not another rainy Monday )O:
Buy Intel after a pull back We will be long on Intel after a pull back on the support line (swing trading)
INTC - Bullish play based on pattern of last earningsThere is a gap to be filled below 53.85 - 56.9. 200 DMA is also around the same area. Go long around 52.5 - 54 area. Incoming CEO's decision to not outsource is the best path forward. Folks will realize this sooner or later
INTC - EW analysis - ABC zigzag down INTC - It dropped sharply as wave A and expected to correct in B wave soon. So if B wave is sideways three wave bounce then it will be good shorting opprtunity for C wave down as zigzag correction. The move up was double zigzag correction.
Give thumbs up if you really like the trade idea.
INTCINTC Weekly Chart Close lower than the previous week. long tail red body Shooting star sign of the downtrend.
