Cramer was pushing Intel hard today, and I can't blame him. The sector/economic winds are at its back, and I do not doubt the potential move. So I reviewed its charts in more detail. A review of the daily chart is quite clearly overbought, and in the presence of a very powerful up move, which typically make me nervous for an initial position. But the review of the monthly long-term chart of INTC calmed me down a bit from Cramer's huge endorsement.
Daily:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP55-zxXNxUtmtg1hZZLJUFmfeTRAy1SIrvWaW1Lb-TVsH5ymrUkSK5khOMB_STUWWMgR4lGWbUncd_halvrciLetNpc7RAs4mMFyzYgn_CGKhm6BQaHLWq9slEYTuZ936PLoGKG_VWYk/s400/sc-1.png)
monthly:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTjBUXZg_t6dwn7WrwP8LPgpVsQTTb8xLeSosD7OE-QuosmULoLFrd_CpZb_AKeACUgGl2CykH5ODWA1BA1aNXo3zAiFAC-aHfJ44AGIzJSa64D0GePb3a-ovqWQfJcIzX2Z2t94itK1E/s400/sc-2.png)
The monthly shows a resistance.
After a relative consolidation, INTC should charge upward. So if anyone is interested in INTC, I would wait for a consolidation in the daily. And once 25 is breached upward, hold on for the ride.
But, if anyone wants to ride a stock right now, a look at IBM's long-term chart strongly suggests its ready to make new ground.
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