Hubert Senters here.
Have a question from a viewer. What do you think about Intel? Well, it’s obviously sideways to slightly lower. I think you’d be better served going on AMD but let’s break this bad boy down. So you had a nice little up move a gap down into the cloud and then another gap down and now it retraced a lot of that about half. Looks like I have all that bad boy here with a fib. It’s probably right out of half.
So 50 percent and now it’s selling off. So the next target I would give Intel would be down here around $44, $43, that’s probably going to go re-test these lows. I think you’re better off AMD. If you’re going to trade a semi is AMD, the actual opposite of Intel right now. I know their competitors. I don’t really care about that stuff. I’m just looking at the technical.
Next target I would give AMD would be in the area of $36, $37 could even climb as high as $40 to $42. And it’s almost like the market’s not affected that much. I mean there’s a little bit but not much if you look at the indexes. This thing is just chugging and keeping a strong uptrend intact.
Mark Helweg is going to be hosting a special webinar on ‘’How to Crack the Code of the Market Wizards for Potential Huge Gains with Limited Risk.’’ It’s going to take place Monday, August 12th at 8PM EST. I will HYPERLINK you to this registration form.
Good luck. Hope it helps. See you on the next video.