mas Saturday, 01/11/14 11:03:02 AM
Re: flumoxed2012 post# 127175
Post # of 128654
I hate to be the bearer of good news in these days of board gloom and doom but TA-wise INTC is not that far from breaking out of the mid 20s. Above the stock there are some very old moving averages peaking at 25.87 (785 week moving average) and a 25.82 ± 0.26, type Single, strength 1 resistance line allied to that blocking the way.
Underneath the stock all the short/mid term moving averages up to the 20 day moving average at 25.30 are providing support as are no less than seven overlapping fixed support points from 22 to 25.3. It would not take much positive news to send the stock crashing through 26.1 and freely running thereafter. Sorry for being so positive as I realize it is very contra-board sentiment at the moment wink.
25.53, just below resistance, 25.82 ± 0.26, type Single, strength 1
+1.1% at 25.82 ± 0.26, type Single, strength 1
-1.8% at 25.07 ± 0.25, type Triple, strength 10
-4.3% at 24.44 ± 0.24, type Triple, strength 7
-6% at 24 ± 0.24, type Triple, strength 10
-7.4% at 23.64 ± 0.24, type Single, strength 5
-10% at 22.98 ± 0.23, type Double, strength 10
-11.6% at 22.56 ± 0.23, type Triple+, strength 10
-13.3% at 22.13 ± 0.22, type Single, strength 3
Hey dumbo that post was spot on, days after the stock hit $27. So why is it not there now I hear you idiotically ask ? Well, TA determines what stocks do in between news/earnings not in spite of them and I have been clear about that for a long time on Ihub. The fact there was not an earnings beat and now this totally artificial emerging world 'crisis', which WS have manufactured to 'earn' money this year after having milked the Euro for the last few years, means that INTC is now in between support and resistance, both fixed and moving which is obviously not as favorable a condition as when I wrote that post.