Tag: Intel

CFD Trading – Buy Intel Corporation (INTC.NAS) @ $51.95. Stop @ $48.30 and Target @ $59.10

Nicholas
Intel Corporation Stock Code INTC.NAS

Outlook
Price broke above the cloud two day ago and had moved to a high of $52.65 last Friday, which is also the upper range of the gap resistance. Conversion and Base lines are still bullish and had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and inside the cloud at the moment and is unable to give a strong confirmation of the bullish trend at the moment. MACD is bullish and the slow line is about to crossover the zero line, confirming the bullish trend. We think price is likely to move above the gap resistance at $52.65 as the momentum is strong. We see price moving higher to $59.14 in the next couple of weeks.

Strategy                  
$51.95                Buy
$59.10                Price Target
$48.30     Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Intel Corp & Well Fargo & Company

Nicholas

Intel Corporation Stock Code INTC.NAS

Outlook

Price tried to close gap but the rally failed to close the gap and peaked at $53.50. Price declined after that failed attempt. Over the past few days, the decline had dropped below the cloud, confirming a bearish trend. Conversion and Base lines had a bearish crossover prior the break of the cloud, warning of a bearish trend. MACD has turned bearish, with both lines now below the zero line, hinting of further price declines ahead. Price is likely to test the base at $42.86 down to $42.23 and a break of this support zone will trigger a bigger decline

Strategy

$46.30 Short Sell
$42.30 Price Target
$48.05 Risk Management Stop
3 weeks Trade Duration

Well Fargo & Company Stock Code WFC.NYS

Outlook

Price moved below the cloud 6 days ago to start a bearish trend. Last night price moved below a previous low, which could trigger a bigger decline. An Ichimoku reversal had already been triggered when price moved below $45.14. The target of this reversal is at $40.71. Base and Conversion lines had a bearish crossover a couple of day ago which confirmed the bearish trend. Both Conversion and Base lines are pointing downward and the gradient is steep, which is a hint of a strong bearish trend. MACD has turned bearish and is moving down as well, confirming the bearish trend.

Strategy

$43.95 Short Sell
$40.75 Price Target
$45.60 Risk Management Stop
3 weeks Trade Duration

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CFD Trading 22 April 2019

Nicholas

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

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