Intel ( Bullish!)
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I'm Bullish on Intel.
Bollinger bands have tightened and volatility will be making it's way into the stock. This stock has been in a downtrend for almost 2 weeks now, as depicted by the trendline I've drawn. OBV has curved upwards and we have a total of 3 virgin points of control lingering above the current price. If we can break above $29.07, we should easily see $30.07. I don't want to look too far ahead, so that will be my price target for now. There's so many bearish predictions on this stock, i have no problem being the outlier. I am studying volume profile / Volume price analysis and i believe my conviction to be true. Stocks are controlled by institutions, not common investors. Always follow the big money. Trend-line break and $30.00 coming soon.
Bollinger bands have tightened and volatility will be making it's way into the stock. This stock has been in a downtrend for almost 2 weeks now, as depicted by the trendline I've drawn. OBV has curved upwards and we have a total of 3 virgin points of control lingering above the current price. If we can break above $29.07, we should easily see $30.07. I don't want to look too far ahead, so that will be my price target for now. There's so many bearish predictions on this stock, i have no problem being the outlier. I am studying volume profile / Volume price analysis and i believe my conviction to be true. Stocks are controlled by institutions, not common investors. Always follow the big money. Trend-line break and $30.00 coming soon.
Uwaga
It should also be noted that majority of my predictions will be referencing a short timeframe. I am not speaking on the long term outlook of this stock.
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