Is there a buying opportunity now for Intel Corp. (NASDAQ: INTC) stock? Take a look at the monthly timeframe attached below. There is a clear bullish bias on Intel Corp. (NASDAQ: INTC) stock, with the monthly demand level around $46 per share. There has been a strong reaction to that price level and imbalance every time Intel Corp. (NASDAQ: INTC) stock has reached that imbalance.
Supply and demand trading has nothing to do with support and resistance; they are two concepts and stock trading strategies. You may think it’s the same thing. They have nothing to do with each other. You may use intraday and short-term stock strategies to trade Intel stock if it keeps reacting as expected. You can also use stock options strategies to trade Intel stock. Since this stock has a bullish bias, you should think of bullish options strategies.
Watch the Intel stock video analysis and forecast for 2020 below. Shares of the world’s largest chipmaker has been reacting to an old imbalance over the last couple of months, outpacing the Computer and Technology sector’s loss.
Investors are probably hoping for strength from Intel Corp. (NASDAQ: INTC) as it approaches its next earnings release, which is expected to be October 22, 2020. Intel Corp. (NASDAQ: INTC) is projected to report $1.10 per share, representing a year-over-year decline of 22.54%. We don’t need to do any fundamental stock analysis for Intel Corp. (NASDAQ: INTC). Still, if those earnings happen to be like that, it will probably help Intel Corp. (NASDAQ: INTC) rally even higher than expected.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances for Intel Corp. (NASDAQ: INTC) and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading Intel Corp. (NASDAQ: INTC) supply and demand imbalances are ideal for beginners and those with a full or half-time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to Intel Corp. (NASDAQ: INTC) news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading Intel stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD for Intel Corp. (NASDAQ: INTC) (contracts for difference) if you are in a country where it’s allowed.
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