Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Vinman who wrote (57215)	6/8/1998 10:59:00 PM
From: Pullin-GS	Read Replies (1) of 186894

Some TA for today: Well, the news that the world knew would come came today...INTC dipped a whole 1/2 point....to the new support area of about 69. This is not good for the INTC technical short-term shorters. The oversold condition INTC is currently in was verified today given the reaction (or under-reaction<G>) to the anticipated bear-news.....the old saying "sell the news" on a bull play works equally well in reverse: "buy the news" on bear-news after all the lemmings have jumped free of the ship. Today INTC closed right at the 21 Day Volume EMA. Last week's volume suggested distribution as INTC went into the 65s (at which time I opened a trading position at 66 1/4...in addition to my long hold from 73s). Time has passed allowing for weak hands to sell. Healthy trading should return shortly...maybe even a squeeze to take us back into the 70s. ADX raised above -DA as well as above +DI today....which has not happened since March. An indicator that hints of accumulation. At which point +DI rises above -DI would be the time to enter with a long position....so unless your a daytrader, it would be wise to ignore this bullish indication. Bullish INTC has been bouncing violently (relative to INTC) around in the lower Bollinger Band envelope for the past 4 weeks. Currently INTC is pegged smack in the middle of the lower envelope. BB support is at 62 3/4, resistance is 75. No read MACD Histogram has been climbing since the big drop last week to 65s. A new up-trend is confirmed by the trading action over the past 4 days. Bullish RSI gave two "cross 30 upward" alerts last week. Bullish RSI confirmation of INTC by trading action last 2 days putting INTC RSI at 37...one caveat is that RSI is still spaztic and very low. Bullish...but the conservative may wish to wait a day or two to see how RSI and other technicals pan out. Candlesticks dont have much to say.....sorry. Bostians Accumulation/Distribution suggest much technical damage has been done these past 2 weeks. We are closing the A/D gap, but it may take a day or two of strong trading to see this through. Bearish Long term the INTC trend is way down, with signs of loosing downward momentum. A few more up days with added volume and I would say INTC could establish a trend reversal. Finding an entrance at the bottom is very difficult with INTC, given the nature of the NasDAQ exchange and the current volitity of INTC. So to speculate on a good entrance could be asking for a nasty cut from "the falling knife". I would avoid shorting at the moment as well. *Off Topic stuff for our good friend Vinman* I couldn't help but not respond to some more of your scratchings: <<so where is the growth? vigra?>> >It's Viagra Is that how its spelled??? I guess you just have to have a bottle handy to verify, given it doesn't exactly show up in the dictionary. ;-) and I know where the growth isn't Sorry to hear that. <VBG> Well at least 60% of the other users have reported success. Good luck in your investing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next