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Intel Corporation Message Board

  • keybotthequant keybotthequant Apr 18, 2011 6:08 PM Flag

    INTC Chart and Technical Analysis Ahead of Earnings

    INTC chart showing an interesting opportunity may be setting up.

    The best case would be for price tolose another 30 cents or so since this would set up positive divergence, and, along with the falling wedge, provide a nice entry for a long side pop. We'll see what happens tomorrow. An entry in the 19.3-19.4 area would be attractive should price decide to move there after earnings.

    Chart and Commentary:

    INTC Intel daily chart ahead of earnings tomorrow. The red lines clearly show the positive divergence bounce in early April. The 200 day MA at 20.24 was a resistance ceiling as price came up. Now price has come back down to the early April area and indicators all remains buoyant. If earnings hit a home run and price takes off north so be it, but the potential opportunity exists where price places a lower low compared to early April and, with the indicators maintaining their current posture, and considering the falling wedge, the blue dot at 19.3-19.4 would provide an attractive possiblity as an entry for another nice bounce.

    Overall, the weekly chart wants to head out sideways moving forward and as evidenced by the 200 day MA above, flatter than a newleywed's souffle, the projection is sideways moving thru the weeks and months ahead, most probably thru the 18.50-20.50 range as the summer sun shines.

    For INTC chart google keystone speculator or view at stockcharts public charts list keystone speculator.

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    • Earnings hit the home run so a lower entry for the bounce up was not in the cards.

      No reason to chase INTC. A gap fill will occur at 20.5-20.6, also a gap available at 21 even, but price should move along sideways as the year progresses with the bump up this morning serving as an upper range for the sideways move ahead.

 
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