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INTC showing a Bullish 5 ) harmonic pattern on the weekly. Ascending Triangle pattern Hidden Bullish Divergence on RSI(4hr) and MACD (D). Not Financial Advice. Do your own DD.
Potential gain:10% Reward/Risk:2.9 Timeframe: 1-2 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...
62 strike calls for 3/12/21 or 3/19/21 expiration for a 100% ROI on a dollar move up.
On the 1h chart INTC can be seen forming an inverse Head and Shoulders Pattern, or even a Double Bottom pattern. This is a very bullish sign, with the MACD transitioning into the green. If Intel successfully breaks the 63.57 line, it could go long having price targets of: $66.30 - $67.80 - $70.00 In my opinion this looks like a very safe bull play on INTC. Always...
Simple. Diamond top. Rubbish semiconductor name. This will flush hard and fast. Positions: 62/64 call credit 3/19 59.5/55 put debit 3/19 75x each spread. Let's print max profit.
Looking at $INTC recently they were hit with the news of losing a patent and being fined 2.5bn. The news itself are bad to begin with but looking more in depth I see: -Diamond top pattern forming on the daily, it looks just as good on the weekly. -Buying volume has been decreasing while selling volume is increasing even while it was moving up -MACD is in negative...
Just buy every dip and you will retire like a boss. Company is great example of inefficient market - their CPU technology is one of the best and it is a free cash flow generating machine. Deep otm calls with 80$ strike for 2022 look tasty because of cheap IV.
Possible move:20-25% Reward/Risk: 3.5(R/R>3 is Ideal) Time frame: 1-3 month This is just my technical view, not a fundamental comment..! I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
I entered the stock at $52.50 back in January 2021, now a month later and after an impressive rally the stock is sitting just north of the $60 mark, around the IBKR analyst consensus price, and has closed the August 2020 gap lower. Although I am a long term investor and not a trader I tend to review my positions on a regular basis and since my last post it's...
Just something to monitor. Seeing if we can get back to $60.
Not too sure if this giant pattern can endure the volatility ahead. None the less, a giant cup and handle is brewing at the moment,
Check out the history of this chart. INTC can never stay above the $61 to $66 zone for too long. There has always been a drop back down to $45.10. INTC chart is printing a bullish triangle but it did the same thing starting August of 2019 and it looks like the same pattern almost. Will keep my eye on INTC during the week for a good entry. The goal would be to...
Great chart here for INTC - bouncing off nicely from the $60 level and breaking smoothly (and with strong momentum as shown by the UTO) thru the supply/demand "balance line" at $61.5 .. we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow.. Price projection: this was a measured move of $16...
Shorts look good in this area above green. stops above white. targets below green. This one has tagged the orange line so if price fails to gain here theres a solid chance the yellow line (40) will get reached. THIS IS NOT FINANCIAL ADVICE. THIS IS RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW MY TRADES.
The 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
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.