Here's Your Intel Trading Strategy – RealMoney – RealMoney

Trading Strategy

Here's Your Intel Trading Strategy – RealMoney – RealMoney

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April 13, 2021

Here's Your Intel Trading Strategy – RealMoney – RealMoney

With Intel’s (INTC) shares down sharply on Monday, let’s revisit the charts.

We reviewed the charts of Intel Inc. again on Jan. 22 and wrote that, “The value historical past exhibits that when INTC turns decrease you might want to get out the way in which.”

Within the each day bar chart of INTC, beneath, we will that the shares dipped sharply in late January however managed to carry the flat 200-day transferring common line. Costs reversed to the upside rapidly and rallied about $14. The slope of the 50-day line is constructive and the 200-day transferring common line now has a constructive slope.

The On-Stability-Quantity (OBV) line has moved increased from late January telling me that consumers of INTC have been extra aggressive. The Shifting Common Convergence Divergence (MACD) oscillator has been making decrease highs from late January.

Within the weekly Japanese candlestick chart of INTC, beneath, we will see that costs have rallied again to the highest of what may very well be a really massive consolidation sample.

Buying and selling quantity has been energetic the previous 12 months and the OBV line has risen. The 40-week transferring common line is exhibiting a constructive slope now. The MACD oscillator is in a bullish alignment above the zero line.

On this each day Level and Determine chart of INTC, beneath, we will see a breakout at $68 and a possible worth goal of $82. A commerce at $60 would in all probability be wanted to weaken this chart.

Backside-line technique: INTC is making an attempt to problem its historic highs of 2000. I doubt if any traders have held onto these dear longs for all these years so chart resistance goes to be psychological. INTC is down sharply Monday but when this weak point is short-lived then merchants can buy INTC risking to $60. The value goal for now could be $82.

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