Intel Corp Stock Code INTC.NAS
Outlook
Price made a new 5-year high 2 days ago. In creating this high, it also created a gap. This could be a midway gap, which has a target at $63.17. If price is above to stay above $57.50, price is likely to head towards $63.17. Fibonacci 161.8% target point is at $62.80. Intel’s historical high is at $76. Price is currently above the cloud and above both Conversion and Base lines, which are indicative of a bullish trend. MACD is bullish and moving higher. MACD line is also high above the zero line, which is an indication of a strong trend.
Strategy
$58.43 Buy
$63.17 Price Target
$56.96 Risk Management Stop
3 weeks Trade Duration
Marvell Tech Group Stock Code MRVL.NAS
Outlook
Price made a new high 2 days ago, in line with the NASDAQ 100 Index. Price is also above the cloud and above both Conversion and Base lines, which is an indication of a strong bullish trend. The recent rally in the uptrend has also been steep, which is an indication of a strong trend. Price has reached the Fibonacci 161.8% projection point and the next higher Fibonacci projection point is at the 200% Fibonacci point at $27.57. Both lines of the MACD indicator had a bullish crossover and are both rising. Both lines are high above the zero line as well indicating a strong trend.
Strategy
$24.60 Buy
$27.70 Price Target
$23.54 Risk Management Stop
3 weeks Trade Duration
