TRADING TIPS

INTC Next Price Targets

Hubert Senters here. Let’s take a blue chip stock Intel, INTC. It has a one bar buy signal above the cloud. The ADX is at $22.06 so it means it has been trending for how many days. The ADX is a little slow. It’s saying it’s been trending for the past four days.  I would buy into that. One day above the cloud and then you can see where it’s going to go to. The most common trip that I would going to go on a blue chip stock like this would be this open window so anytime you have a gap up or down and it gap and goes. It tends to come back here and back fill below so. I’m going to say the ultimate target for this thing is going to be is $60.35. But you can always put that in half and go for half a gap fill which is going to be about right there. So it’s got room for couple more points before it hits over head resistance of two point to the high side. And then it will probably trade sideways and then climb higher to $60. Good luck. Hope it helps. See you on the next video. Hubert.

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