Watchlist 2023-06-01 $SOFI $LCID $BAX $INTC $CHPT AMEX:SPY slightly higher as the debt ceiling bill passes in the House, will now move to the Senate. Garnering bipartisan support, the bill to suspend the $31.4 trillion debt ceiling was approved and is set to be delivered to the Senate. With a Monday deadline looming, the Senate is expected to pass the measure before the government exhausts its ability to pay its bills. Key Res for today is 4.19, 420.50, PD inflection and pivot high. Key support today is 417.5. 416.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:SOFI - SoFi's stock surge continues as debt-ceiling deal brings 'highly positive development'. There's no question after looking at the last two days that sofi is hot right now. Particularly interested in starting a position near the 6.50 range support and also the 200 ema. If we see buying. Above this level there is plenty of room to go 7.50 and 8.00.
NASDAQ:LCID - Lucid Group's stock slides 10% premarket after EV company announces $3 billion stock offering and private placement. Short under 6.65 as long as 6.88 can confirm as resistance first. If there is no confirmation of sellers they this can be susceptible to a fakeout that rallies if it quickly reclaims 6.65
Support 6.65
Resistance 6.88
Inflection 7.00
NYSE:CVNA - over 14.00
NYSE:BAX - no news but had an impression aftermarket vol bar after trending down for the last month. 1.9 PMP vol and 3 RVOl yesterday. Looking to see if buyers decide this is the day for a trend change.
NYSE:CHPT - keeping an eye on CHPT for a second day play, preferable taking a long near support 9.25 for a swing trade, must BO form the 9.80 for confirmation.
Chips:
Profit taking PD for chips as NASDAQ:NVDA , NASDAQ:MRVL , NASDAQ:MU all heading lower. Looking for dips into key levels, and BO's from consolidations where there is at least 2 touches of a level.
Other Watches:
NYSE:AI
NASDAQ:INTC - over 32
Comment what you are watching!
INL trade ideas
INTC round two... 3% and Run with more upside.Looks like Intel is setting up again... will be patient with this one.
Looks like INTC does not have the strength (at this moment) to break through the downtrend.
Wait with trade when it will get back to a daily base.
If it breaks support at 28.90 get out.
If there will be a break out... 3% and Run
Entry - 29.00-29.40
PT - 30.25
SL - 28.90
$INTC , Analysing Trends, Patterns, and IndicatorsNASDAQ:INTC
Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
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I am short INTC 29.67 look daily chart heading into the 50 day with no vol
We have more selling buying
and lower highs
know look weekly chart to right look stoch heading down
so that means any rally gonna fail u can see daily stoch on bottom
that why I am in small shares at first.
Target 28 that breaks then 25
stop is 30.47
Intel ( Bullish!)I'm Bullish on Intel.
Bollinger bands have tightened and volatility will be making it's way into the stock. This stock has been in a downtrend for almost 2 weeks now, as depicted by the trendline I've drawn. OBV has curved upwards and we have a total of 3 virgin points of control lingering above the current price. If we can break above $29.07, we should easily see $30.07. I don't want to look too far ahead, so that will be my price target for now. There's so many bearish predictions on this stock, i have no problem being the outlier. I am studying volume profile / Volume price analysis and i believe my conviction to be true. Stocks are controlled by institutions, not common investors. Always follow the big money. Trend-line break and $30.00 coming soon.
$INTC - Bump & Run Reversal PatternPerhaps even more than the Bump & Run Reversal Pattern being formed, what's sparking my attention in this market is the beautiful distribution patterns which this market registered before the downtrend which appears to be transitioning to an accumulation stage now.
Look how this market displayed an erratic price action since 2018, forming that final and chaotic base before the sell off.
Look at how it produced a RSI bearish divergence at the right end of the base, before devil cross and breakout below the base's support.
That's chart poetry. What can you learn from it?
- Get away from late stage bases.
- Do not trade breakouts formed with RSI divergences.
- Use this late pattern as a bearish trigger for the bold traders out there.
What else? Oh,, of course, the B&R reversal pattern. Can you see it as well? A bullish trade here is very difficult to execute nevertheless. Primarily because if we wait for a breakout from that trendline/10 EMA, then we will be left with a poor risk to reward ratio for this trade. So it needs a bullish trigger as close as possible to the current support area.
No matter what you do, remember that this is a game of odds, not of certainties. Therefore your number one priority at all times should be to manage risk diligently.
Cheers,
Tenacious Tribe - Quantified Trading Strategies & Studies
INTC - Waiting for Take Off?INTC is inside the Waiting Room for Bullish Action
Current Idea: Neutral
Important Price Point:
Current Stop Loss: $ 29.29
Lowest Support: $ 24.87
Resistance: $ 33.84
1st Price Target: $ 36.60
2nd Price Target: $ 46.54
3rd Price Target: $ 53.13
OVERALL VIEW:
Scenarios:
The Price Gap of $30.93 - $31.10 has been a fortress lasting 7 months.
A breakout occurs on W4 March 2023 until the last swing high at $33.84.
A short-term correction was stopped by Earning Reports last Thursday.
A new price gap occurs between $ 29.95 - $ 30.81.
Pay attention to the $ 29.29 - $ 29.95 area for the current best entry level.
$ 29.29 is coming from the Weekly Conversion and Base Line (Ichimoku Cloud) value which holding on as support since 20 March 2023.
Weekly Ichimoku Cloud is still in a bearish bias, but the daily has been in and out - above and below the cloud consolidating.
I believe accumulation is in progress right now.
Intel Long-Term Long (or short if it goes belly-up)For those who like regression channels, here is a chart of Intel going back to 1973. The channel has a Pearson coefficient of over 0.9, suggesting pertinence of the indicator. There has been consolidation around the bottom of the channel, ending with a good bullish H-A candle. You will be able to see a triple bottom on the weekly chart followed by a break-out of the consolidation. I am undecided as to whether to get in now or to wait for a little extra push. An upward move to about 70 seems possible.
Conversely, if price drops out of the channel below recent consolidation, look out below!
INTC starting new upward trendIntel stock is retesting multi-year support, showing a local triple-bottom. It just broke out of resistance, is retesting it as support. If the red resistance lines holds up as support, INTC could quickly reclaim 50-60. Value in this business is being helped along by technology advances and domestic stimulus. Explosion of AI softwares incentivizes chip development as does domestic stimulus in chip manufacturing. AI tailwind meets "Buy American".
Intc to 35After the explosive rally from 24 to 33 INTC spent most of last week pulling back ... one of the main indicators that tells me it was just cooling off is the low volume on pullback.
Now we have pullback to our uptrend in a bullflag form
My upside target would be that fib resistance at 33.92
Entry Over 32.00
Target 34.00
Stop loss 31.50
I like 4/28
34c