Intel and Microsoft short term analysis

Silver crash over or making a pause?
April 16, 2013
Markets test important support levels
April 18, 2013

and are two stocks that we have studied before and we believed in their upward potential. We recently posted an analysis on both those stocks and their bullish signals. Moreover, our subscribers received live tweets when I entered long and when I exited before the last big drop in prices. Now that the pressure is off, we believe that the upward potential is still intact and that this downward move was a chance of prices to make a correction.

seems to have made a correction near the 61,8% retracement and started moving back upwards. It will be a positive sign for bulls if prices manage to make a break out of the recent high at 22.42$. Short term stop is the recent low at 21.36$, whereas the longer term support level that should not break is the low at 20.75$.

intc1h

on the other hand, made a deeper decline during the past week, but still has not changed our intermediate and short term view. In the daily chart the upward trend remains intact as long as prices trade above 28$. Although the decline was made with increased volume, will need a lot of strength to overcome the resistance at 29.80-29$ area.

msftdaly

On a weekly level, although prices managed to pop out of the and the downward sloping trend line, it finally ended the week below that resistance level. We are cautious when entering long positions as this failure is the only negative sign we see in this chart. This failure to break out supports the sequence of lower highs and , which is bearish. Therefore we remain neutral to bullish with the lower part of the as our weekly support. Breaking out of the resistance will reinforce our bullish view.

 MSFTWEEKLY

Thank you for taking the time to read my new post.

INTC:xnas

MSFT:xnas

INTC:xnas

MSFT:xnas

A term used to describe a trader who is expects that a particular asset – be it a commodity, currency or product – to rise in value. The opposite of a ‘bear’.

The idea is that bulls attack by bending their heads and poking their opponents upwards with their horns, symbolising the fact that they are buyers, driving prices up.

Beliefs held by the aforementioned ‘bulls’ of the trading world, are described as bullish. Characterised by a generally optimistic outlook on the state of a given asset, a bullish outlook would suggest that a rise in value is imminent. Opposite of bearish.

A chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. The "clouds" (kumo, in Japanese) are formed between spans of the average of the tenkan-sen and kijun-sen plotted six months ahead (senkou span B), and of the midpoint of the 52-week high and low (senkou span B) plotted six months ahead.

HigherHighsLowerLows

A chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment. It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points. The "clouds" (kumo, in Japanese) are formed between spans of the average of the tenkan-sen and kijun-sen plotted six months ahead (senkou span B), and of the midpoint of the 52-week high and low (senkou span B) plotted six months ahead.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.