CONSOLIDATION BREAKOUT
Intel (INTC) is now, finally, fully (I say “fully” because it did not retest the breakout level at 37ish, and I don’t think it will) broken out of this massive 17-year consolidation box. This is extremely bullish signal, and I believe all-time high 75 and higher is coming.
2000 – 2018 (Monthly)
RESISTANCE BREAKOUT
In PART 5, I’ve talked about this rising-resistance as a short-term pullback, but not like the significant decline of 2015 or 2012 (see arrows). Well, after a short-term pullback and after the ER last Thursday night, we are now fully clearing well-above this resistance. This is very good sign as it is showing that the trend is strong, and that resistance didn’t impact the stock like it did in 2015 and 2012. We are now seeing full cultivation of higher highs and higher lows showing that the trend is dynamic.
2012 – 2018 (Weekly)
RECENT TRADE
These are the charts of recent trades I’ve made where I’ve acquired more SHARES on 12/6/2017 and on 1/28/2018. On 12/6/2017, when it came down to retest the gap area at $43ish, I’ve acquired more SHARES (this plan was talked about in PART 5 (see excerpt). On 1/26/18, which was the morning after the ER the night before, I’ve decided to add more SHARES at open at $48.70.
Last Several Months (Daily)
POSITION STATUS
So here are the complete status of my current holdings on Intel. I did have CALLS which was all closed out in late October (see PART 5) and I didn’t enter anymore CALLS after that. As of today, I am holding full SHARES, and I do have plan to possibly re-enter with CALLS if it pulls back to 47ish.
2017 – 2018 (Daily)
