time to short Intc?

Based on the Daily time frame chart, it looks like a retracement is coming. This is reinforced by the bearish

Engulfing candle and bearish divergence on the rsi

This means that Intc will drop more than it rises today because the next candle on the Daily chart Will be trending downwards.

Let's zoom in on 1H timeframe, we can see a bearish retracement happening, maybe even crossover the sma line.

Let us zoom in even further to the 15min timeframe. We can see macd indicates uptrend But the rsi is still not at its peak yet.

This means the price may go up abit more in the short-term, maybe near the resistance line of $31.43 before going down.

The weekly time frame analysis for Intc is still bullish so whateverdrop is just short term

Disclaimer: above is my personal opinion not an advice. As with all securities, kindly do your own due diligence.

Modified in.2023-06-12

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Nagoken
2023-06-13
Nagoken
Ok
boonk
2023-06-13
boonk
bb
aozora
2023-06-13
aozora
Yes

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This is reinforced by the bearish</p>\n<p> Engulfing candle and bearish divergence on the rsi</p>\n<p>This means that Intc will drop more than it rises today because the next candle on the Daily chart Will be trending downwards.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/38dd4ebb3c91c8cbbb283c2d65a05cd9\" tg-width=\"1284\" tg-height=\"2600\"><span></span></p>\n<p>Let's zoom in on 1H timeframe, we can see a bearish retracement happening, maybe even crossover the sma line.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/24cb025cc0428bbf9252fedca07952ae\" tg-width=\"1284\" tg-height=\"2568\"><span>&nbsp;</span></p>\n<p>Let us zoom in even further to the 15min timeframe. We can see macd indicates uptrend But the rsi is still not at its peak yet.</p>\n<p>This means the price may go up abit more in the short-term, maybe near the resistance line of $31.43 before going down.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/278d82ab992506b45644dc1aa9d8699e\" tg-width=\"1284\" tg-height=\"2586\"><span></span></p>\n<p>&nbsp;The weekly time frame analysis for Intc is still bullish so whateverdrop is just short term&nbsp;</p>\n<p><br></p>\n<p>Disclaimer: above is my personal opinion not an advice. As with all securities, kindly do your own due diligence.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/16faaead9b4f307a3531c146e888cfde\" tg-width=\"1284\" tg-height=\"2549\"><span></span></p>\n<p>Based on the Daily time frame chart, it looks like a retracement is coming. This is reinforced by the bearish</p>\n<p> Engulfing candle and bearish divergence on the rsi</p>\n<p>This means that Intc will drop more than it rises today because the next candle on the Daily chart Will be trending downwards.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/38dd4ebb3c91c8cbbb283c2d65a05cd9\" tg-width=\"1284\" tg-height=\"2600\"><span></span></p>\n<p>Let's zoom in on 1H timeframe, we can see a bearish retracement happening, maybe even crossover the sma line.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/24cb025cc0428bbf9252fedca07952ae\" tg-width=\"1284\" tg-height=\"2568\"><span>&nbsp;</span></p>\n<p>Let us zoom in even further to the 15min timeframe. We can see macd indicates uptrend But the rsi is still not at its peak yet.</p>\n<p>This means the price may go up abit more in the short-term, maybe near the resistance line of $31.43 before going down.</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/278d82ab992506b45644dc1aa9d8699e\" tg-width=\"1284\" tg-height=\"2586\"><span></span></p>\n<p>&nbsp;The weekly time frame analysis for Intc is still bullish so whateverdrop is just short term&nbsp;</p>\n<p><br></p>\n<p>Disclaimer: above is my personal opinion not an advice. As with all securities, kindly do your own due diligence.&nbsp;</p></body></html>","text":"Based on the Daily time frame chart, it looks like a retracement is coming. This is reinforced by the bearish Engulfing candle and bearish divergence on the rsi This means that Intc will drop more than it rises today because the next candle on the Daily chart Will be trending downwards. Let's zoom in on 1H timeframe, we can see a bearish retracement happening, maybe even crossover the sma line. Let us zoom in even further to the 15min timeframe. We can see macd indicates uptrend But the rsi is still not at its peak yet. This means the price may go up abit more in the short-term, maybe near the resistance line of $31.43 before going down. The weekly time frame analysis for Intc is still bullish so whateverdrop is just short term Disclaimer: above is my personal opinion not an advice. As with all securities, kindly do your own due diligence.","highlighted":1,"essential":1,"paper":2,"likeSize":18,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/186394822733976","repostId":0,"isVote":1,"tweetType":1,"viewCount":607,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":699,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106410911,"commentId":"106410911","gmtCreate":1686622097655,"gmtModify":1686622103838,"authorId":3576560237263785,"author":{"id":3576560237263785,"idStr":"3576560237263785","authorId":3576560237263785,"name":"Nagoken","avatar":"https://static.tigerbbs.com/caac3ac5db4b0d37985b9f55a62d569f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":186394822733976,"objectIdStr":"186394822733976","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":106410155,"commentId":"106410155","gmtCreate":1686609016764,"gmtModify":1686620841427,"authorId":3580955744929134,"author":{"id":3580955744929134,"idStr":"3580955744929134","authorId":3580955744929134,"name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":186394822733976,"objectIdStr":"186394822733976","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>bb</u>","text":"<u>bb</u>","html":"<u>bb</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":106410719,"commentId":"106410719","gmtCreate":1686618337559,"gmtModify":1686618343737,"authorId":3562713646670910,"author":{"id":3562713646670910,"idStr":"3562713646670910","authorId":3562713646670910,"name":"aozora","avatar":"https://static.tigerbbs.com/2d3299fd75dc0e0c74372c8cf9c8adcc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":186394822733976,"objectIdStr":"186394822733976","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Yes</span>","text":"<span class=\"s1\">Yes</span>","html":"<span class=\"s1\">Yes</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/186394822733976"}