Thoughts on intel (INTC)

What does everyone think of intel (INTC)? Ive read that it could rise to £37 per share going into January. Thoughts. Cheers

It could. It could rise a lot higher. Or it could collapse. Right now it's paused in its uptrend. Has been for a month, ranging from 34 to 35.5. If it drops and reverses at 34, you can buy there. If it rises from here, you can buy the breakout through 35.5 or wait for the first retracement thereafter. If instead it falls through 34, then reverse all this for a short strategy.

"You don't need to know what's going to happen next in order to make money".

Db

PS I should also point out that technology is one of only two sectors that are showing any kind of strength, which is a plus. However, all those other sectors can act as an anchor, dragging everything else down with them.

CYA.

Aiden12ella19 said:

What does everyone think of intel (INTC)? Ive read that it could rise to £37 per share going into January. Thoughts. Cheers

Click to expand...

Intel is an American multinational company, which means that if you are trading it in the pound then it is a GDR. I did not know nor was I able find a global depository receipt for Intel.

LSE IOB
http://www.londonstockexchange.com/products-and-services/trading-services/international-order-book/list-iob-ccp.xls

Thanks for your replys. Im knew to trading and jumped straight into it hoping for the best. Atm im just keeping my eyes on shares and buying into them when they are pretty low. Happy Christmas.