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Post by huh on Mar 12, 2015 8:45:37 GMT -5
Intel's stock drops after sales warningDown more than 4% in pre-market. I was looking at this one yesterday when trying to find which tech stocks were making up for the AAPL pull back. I figured it was going to pull back with that FIB retracement and gap fill near HOD. Looks like it should see some support a little under 30.00 (29.60's?). Likely to pop there - but it would only be completing an island top. Still worth a swing trade though. A couple weeks ago, I thought all of this might be a breakout move for a large iH&S on the longer time frame. But since then, it's shown too much weakness. And after today's down move, it appears as if it will become a large island top as part of a failed bullish breakout.  |
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INTC
Mar 14, 2015 8:15:28 GMT -5
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Post by huh on Mar 14, 2015 8:15:28 GMT -5
Did some fine tuning on the lines for INTC and it should find support between 29.60-30.00 on this current pull back. The max upside target from there would be 35.50-35.75. (this move would complete a larger topping pattern)
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INTC
Mar 18, 2015 12:42:37 GMT -5
Herceg likes this
Post by huh on Mar 18, 2015 12:42:37 GMT -5
INTC hits that neckline ~29.76 if it tests it today.
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INTC
Mar 27, 2015 12:59:24 GMT -5
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Post by huh on Mar 27, 2015 12:59:24 GMT -5
 Still watching INTC for the formation of a RS. Would occur ~35.70 - which also "coincidentally" coincides with a gap fill. The entry is key though. I'd like to see a flush to ~29.00 first. I had an order in yesterday for it at 29.25, but LOD was 29.32. [shrug] (every time the market misses my bid like that, I simply lower it. Seems to work lately. lol) |
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INTC
Mar 27, 2015 14:40:23 GMT -5
Post by huh on Mar 27, 2015 14:40:23 GMT -5
Well, so much for my 29.00 area bid. Popped and up more than 4% now.
Wishing my original bid hadn't missed by a few pennies.
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INTC
Mar 27, 2015 15:12:30 GMT -5
Post by huh on Mar 27, 2015 15:12:30 GMT -5
INTC already made 1/2 the squeeze move with today's HOD. I won't be chasing this one now. Scratch that one off the list. This market's so tough right now for me because it's hard to hold anything longer than a day or two. That's a tough problem with T+3.  |
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INTC
Apr 15, 2015 8:46:08 GMT -5
Post by huh on Apr 15, 2015 8:46:08 GMT -5
Keep in mind, the expected best case upside in this one is ~35.75 for the right shoulder peak and upside gap fill. It could go on for a head test, but I wouldn't chance it.
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INTC
Apr 15, 2015 11:17:29 GMT -5
Post by huh on Apr 15, 2015 11:17:29 GMT -5
Keep in mind, the expected best case upside in this one is ~35.75 for the right shoulder peak and upside gap fill. It could go on for a head test, but I wouldn't chance it. Actually, anything around 35.00 would be sufficient to fully complete the squeeze. |
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Post by huh on Jul 14, 2015 10:43:10 GMT -5
Keep in mind, the expected best case upside in this one is ~35.75 for the right shoulder peak and upside gap fill. It could go on for a head test, but I wouldn't chance it. Actually, anything around 35.00 would be sufficient to fully complete the squeeze. The high in INTC was 34.71 after this last update, and now it's H&S is nearly complete. This pattern played out almost exactly as expected. After today, it could be a good short candidate to start accumulating again following this recent pop. Downside target is ~22.75 (~25% lower than here)  |
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INTC
Jul 23, 2015 9:38:20 GMT -5
Post by huh on Jul 23, 2015 9:38:20 GMT -5
Still on track for mentioned downside target, but likely to bounce some here and fight this pattern. Probably a good idea to take the small profits for now and wait it out. Cover if >29, or wait to see if it pulls back a little more today - I'd take the 3.6% profits around 28.63 if it gets there today, then wait to see what it does next.
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