Breaking News

Intel Technical Analysis

By Kay KimStock MarketsNov 06, 2017 09:01PM ET
Intel Technical Analysis
By Kay Kim   |  Nov 06, 2017 09:01PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Running Into Resistance

Intel (NASDAQ:INTC) had a tremendous run since the the late August of this year; precisely 41.80% move to the upside in just over 3 months!

And it is getting stretched as my weekly-oscillators are showing 'overbought' sentiment.

In early 2012 we did see a steep decline after this signal and so did in early 2015, but I don't foresee that the stock is going to tumble like it did in 2012 and 2015.

But I do see a minor to intermediate term pullback or consolidation type of move going forward as the buyers are possibly losing steam here and some profit taking could occur.

Overall though, I don't believe investors are scare to quickly hit that 'eject button,' but they are still holding most of their shares waiting to possible add more after a pullback.

Weekly Intel
Weekly Intel

Bullish Long Term

INTC has finally broken out of this 17-year bondage with confidence, and this is a great news for the long-term investors as I've been advocating that INTC is getting ready to soar aiming at all-time high at 75.

I am very bullish in the long term and any sharp pullback would be an opportunity to add.

Monthly Intel
Monthly Intel

Positions Status

I've completely closed our remainder of my CALLS at 44.84 (10/27/17), and now holding all of my SHARES which I've accumulated at 35.05 and 36.21.

I do think the stock could move higher, but we are starting to get extended on the weekly-chart.

I am in it for a long term with my SHARES, so I probably hold them at least another 1-2 years before unloading some of them.

If we do see a pullback and challenges the gap-area at 43ish, I do have plan to accumulate more SHARES and possibly get some new CALLS as well.

Daily Intel
Daily Intel

Original Post

Intel Technical Analysis

Related Articles

Intel Technical Analysis

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Write your thoughts here
Replace the attached chart with a new chart ?
Post also to:
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email