INTC Diamond TOP, return to below 56 by 3/19 opexSimple. 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.
INL trade ideas
$INTC Diamond Top pattern, negative divergence MACDLooking 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 divergence in the daily
Going to be looking at one level at a time but for the measured move of the Diamond top is nearly 20% I doubt it can be reached since there could be any catalysts that could help bring the price up. TA is not exempt from news
Once $INTC breaks below $60 the downtrend can begin to hit the following TPs:
1)$58
2)$55.83
3)$53.9
4) for the movement to be fully completed $INTC would reach near $49
-Focusing of course one level at a time analyzing price action and keeping an eye out for any news that could help keep its current valuation NASDAQ:INTC
Cup and handle in Intel 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..!
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INTC Long BuyOn 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 remember to buy the dip, thanks for viewing!
INTC Possible Fall?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 exit before the earnings call on 4/29.
I'm expecting to see the chart shoot up possibly 7 points then follow the usual pattern.
Check the chart and form your own opinion, this is what I personally see.
Entry $60-$66
Exit $50-$46
Possible gains: 30%-40%
Timeframe: 2- 9 weeks
This is just my view and information for me to track. Form your own opinions!
INTC: looking for a breakout, $70 could be nextGreat 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 from the low set in late Jan of $54 = a short term target of $70 if that move materializes
let's keep watching this chart ... and see if these projections hold.
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.
