Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
December 22, 2024, 00:38 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy INTC near 17.65 with an upside target of 22.64. This data also tells us to set a stop loss @ 17.6 to protect against excessive loss in case the stock begins to move against the trade. 17.65 is the first level of support below 19.52 , and by rule, any test of support is a buy signal. In this case, support 17.65 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of INTC as it gets near 22.64 with a downside target of 17.65. We should have a stop loss in place at 22.71though. 22.64 is the first level of resistance above 19.52, and by rule, any test of resistance is a short signal. In this case, if resistance 22.64 is being tested, a short signal would exist.
If 20.13 begins to break higher, the technical summary data tells us to buy INTC just slightly over 20.13, with an upside target of 22.64. The data also tells us to set a stop loss @ 20.07 in case the stock turns against the trade. 20.13 is the first level of resistance above 19.52, and by rule, any break above resistance is a buy signal. In this case, 20.13, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of INTC if it tests 20.13 with a downside target of 19.21. We should have a stop loss in place at 20.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 20.13, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 19.54 begins to break higher, the technical summary data tells us to buy INTC just slightly over 19.54, with an upside target of 20.13. The data also tells us to set a stop loss @ 19.49 in case the stock turns against the trade. 19.54 is the first level of resistance above 19.52, and by rule, any break above resistance is a buy signal. In this case, 19.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of INTC if it tests 19.54 with a downside target of 19.21. We should have a stop loss in place at 19.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 19.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
This Intel Corporation (NASDAQ: INTC) trading report incorporates analysis also used by some of the biggest funds in the world. Review the technical takeaways closely.