Factor looks at 2 big names — Intel and Walmart
These long-term charts have just completed sizable continuation chart configurations.
Wal-Mart's gap up (NYSE:WMT) on Nov 13 now unquestionably appears to have been a breakaway or measuring gap. It is unlikely that a serious sell-off can occur in this stock. In fact, any weakness back toward $82 would be an excellent buying opportunity with a minimum target of $105.
The dominant chart construction in Intel Corporation (NASDAQ:INTC) is the mid-2014 completion of a 13+year base. A base of this magnitude typically propels a bull trend that lasts a minimum of five years. The minimum target for Intel is $44.37, although a test of the highs in the mid $50s is quite likely.
The above is just a sampling of the analysis provided on a regular basis to members of the Factor Service. See the menu bar at the top of this page for a link to more information.
[Note: Factor LLC is a proprietary trading operation that focuses on classical charting principles for market speculation. We attempt to answer the questions “in which direction?” and “how far,?” not why. We will leave the “why?” to others.]