Intel Corp "Decade Long" Channel at Support

30 juil. 2020

Currently at Support of a Decade Long Upward Channel

As long as the WEEKLY candlestick chart closes WITHIN the channel I will consider my setup VALID.

I will consider this setup INVALIDATED, IF weekly candle closes BELOW the channel support.

Side Notes to consider: All lower timeframes ranging from 1hr to 3day are heavily OVERSOLD.

31 juil. 2020

Note

Here's a link of INTEL's 5D chart at the close. Notice how price traded through support; however, buyers stepped in and brought price back into the channel before the weekly close.
The 5D printed a Doji INSIDE the channel. This gives us optimism that trade is still active and intact. Will continue to hold down here for the potential run up until further notice. Cheers!

3 août 2020

Note

2 more days until 5day close (keep in mind anything can happen).
with that said, buyers have stepped in here at support printing a nice reversal candle. INTC looking good so far and going as planned.

19 août 2020

Note

INTC Intel discloses initiation of $10 bln accelerated share repurchase agreements

2 sept. 2020

Note