Market Analysis

 

In the fourth quarter of 2009, the dynamics of Intel shares were not surprising - the change of trend in the negative, as expected, did not happen. However, despite the persistence of the medium-term upward trend, the price for several months with mixed success, "marking time" in the region of $ 20 - that point in the history of price, Intel has already repeatedly proved itself as a stumbling block trend. In this connection, let"s see how this situation has changed for the quarter and did not come from Intel if a correction.

The graph in addition to long-term changes which we call a sustainable level of $ 20 is worth noting the line of intermediate recovery (denoted in blue), containing the local peaks - approximately $ 23,5. Hesitated to place about $ 20, the price may well strive to this mark.

Source - Reuters

on the daily chart for the medium term it is clear that the last 3 quarters for Intel have been in the form of two extended "flags" - such a picture usually portends a further increase in prices. No fracture trends are evident - the price does not test the lower bound of the flag "flag", and from the dangerous proximity to the bottom line of the fan Fibonacci price goes.

Source - Reuters

system Ichimoku indicators on the weekly chart tells us the following:

• medium-term upward trend in force, looking like "fletovosti" not justified (the price moves above the clouds, long it has not dropped);
• -srednesrochniki investors still do not get a sell signal (line Chinkou Span is above the price, but Tenkan Sen moves over Kijun Sen, although it was not as confident as before);
• the risk of a negative trend reversal has increased slightly (line Kijun Sen dangerously moved closer to the price, by the end of the week picture may become clearer - if they go away, the signal still will not take place);
• support levels: $ 19.8, in case of breakdown - $ 18 4.

Source - Reuters

Other indicators generally indicate that there is a short-term dominance of the bears and bulls attenuation of activity, but no clear-cut signals to the massive trade: a fast moving average is below slow stochastic lines turned their tails down and come close to oversold, in the directional system ADX line-DM attempted to rise above the DM, whereas in fact the ADX remains silent in terms of signals (in the flat market is lower than both DM).

All these factors augur well for the continuation of the medium-term and long-term uptrend on the stock Intel in gradual, measured pace, with the next order of $ 23,5. Relatively short term - because of the absence of pronounced signals likely fluctuations in the horizontal canal in the region of $ 20.

 

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