Trading Intel $INTC With Integrated Risk Controls

March 21, 2023, 14:13 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Intel (NASDAQ: INTC) report below can help you, but we have more details too. The trading plans for INTC, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for INTC

• Buy INTC slightly over 24.39 target 28.20 stop loss @ 24.32 Details

The technical summary data tells us to buy INTC near 24.39 with an upside target of 28.20. This data also tells us to set a stop loss @ 24.32 to protect against excessive loss in case the stock begins to move against the trade. 24.39 is the first level of support below 28.175 , and by rule, any test of support is a buy signal. In this case, support 24.39 is being tested, a buy signal would exist.

• Short INTC slightly under 28.20, target 24.39, stop loss @ 28.28 Details

The technical summary data is suggesting a short of INTC as it gets near 28.20 with a downside target of 24.39. We should have a stop loss in place at 28.28though. 28.20 is the first level of resistance above 28.175, and by rule, any test of resistance is a short signal. In this case, if resistance 28.20 is being tested, a short signal would exist.

Swing Trading Plans for INTC

• Buy INTC slightly over 28.20, target 28.76, Stop Loss @ 28.12 Details

If 28.20 begins to break higher, the technical summary data tells us to buy INTC just slightly over 28.20, with an upside target of 28.76. The data also tells us to set a stop loss @ 28.12 in case the stock turns against the trade. 28.20 is the first level of resistance above 28.175, and by rule, any break above resistance is a buy signal. In this case, 28.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INTC slightly near 28.20, target 24.39, Stop Loss @ 28.28. Details

The technical summary data is suggesting a short of INTC if it tests 28.20 with a downside target of 24.39. We should have a stop loss in place at 28.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for INTC

• Buy INTC slightly over 28.20, target 28.76, Stop Loss @ 28.13 Details

If 28.20 begins to break higher, the technical summary data tells us to buy INTC just slightly over 28.20, with an upside target of 28.76. The data also tells us to set a stop loss @ 28.13 in case the stock turns against the trade. 28.20 is the first level of resistance above 28.175, and by rule, any break above resistance is a buy signal. In this case, 28.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INTC slightly near 28.20, target 24.39, Stop Loss @ 28.27. Details

The technical summary data is suggesting a short of INTC if it tests 28.20 with a downside target of 24.39. We should have a stop loss in place at 28.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 28.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

INTC Ratings for March 21:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	20.81
P2	29.39	28.76	24.39
P3	30.72	30.35	28.20

Support and Resistance Plot Chart for INTC

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.