INTC - Mostly Bullish
The chart I am publishing here is a short term one. For long Term investment I believe it is 100% buy.
The price is at resistance zone. Most probably it will break the resistance and move up. Next week most probably it will release one of its new chip to the market.
Remember to consider overall market direction. Lately the market has been very volatile. If the market remains in neutral/positive state then this is very bullish.
Disclaimer: This is just my opinion, not an advice. Trade at your own risk. I/We long INTC.
The price is at resistance zone. Most probably it will break the resistance and move up. Next week most probably it will release one of its new chip to the market.
Remember to consider overall market direction. Lately the market has been very volatile. If the market remains in neutral/positive state then this is very bullish.
Disclaimer: This is just my opinion, not an advice. Trade at your own risk. I/We long INTC.
Nota
Reasons to buy INTC keeps growing. It has entered into an agreement with one of China's govt sponsored company to supply 3D Nand flash memory. China wants to reduce its dependency of foreign imports. INTC will start manufacturing 3D NAND in China and supply to its Chinese partners. Support from Chinese Govt would boost INTC revenue.Nota
The price has reached the target much before estimated timeline. Based on current model I assume it would hit anywhere b/w $47.5-$60.Nota
Target price $57.5-$60Dagangan ditutup: sasaran tercapai
The price went up closer to the target $57 and then significantly down. It is now in buy zone again...but the overall market doesn't seem to have enough positive momentum. So...I'm closing my trade here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.