Intel Forms Bearish Harami Near Resistance

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Intel is meeting some pretty stiff resistance around 22, but the overall trend remains up. The stock formed a big bearish engulfing in early December and a harami on Thursday-Friday. Even though harami are potentially bearish candlestick patterns, confirmation is required with some downside. Namely, look for a break below support at 21.25 to affirm resistance and reverse the five week advance. You can see more candlestick patterns on our pre-defined scans page.

110215intc


Click this image for a live chart

Arthur Hill
About The Author:

Arthur is Chief Technical Strategist at TrendInvestorPro.com. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

StockCharts Insider: How to Find a Seasonal Edge in Stocks by Cracking the Market’s Hidden Calendar

StockCharts Insider: How to Find a Seasonal Edge in Stocks by Cracking the Market’s Hidden Calendar

Karl Montevirgen
by Karl Montevirgen,
The StockCharts Insider

Before We Dive In… For every story a chart tells, there are stories hidden from plain view. One story tends to repeat itself almost like clockwork, though it also comes with variations. That’s what seasonality is all about: odd months where stocks tend to shine, stumble, or stall. In...   READ MORE 

MEMBERS ONLY

Falling Rates, Rising Profits, and a Relentless Tech Rally

Falling Rates, Rising Profits, and a Relentless Tech Rally

Tom Bowley
by Tom Bowley,
Chief Market Strategist, EarningsBeats.com

Earnings are surging, rates keep falling, and tech stocks are exploding higher. Tom Bowley breaks down the rally driving the Nasdaq to new highs and the sectors powering the market into year-end....   READ MORE 

MEMBERS ONLY

Lady in coffee shop watching charts on laptop

Head and Shoulders Tops: Classic Signals, Key Phases, and a Surprise Reversal

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

Dave Keller explores the classic head and shoulders top, breaking down its three key phases with examples from JNJ and Dominion, plus a failed pattern in Nucor that turned into a bullish reversal....   READ MORE 

Featured Articles

MEMBERS ONLY

Lady in coffee shop watching charts on laptop

Head and Shoulders Tops: Classic Signals, Key Phases, and a Surprise Reversal

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

Dave Keller explores the classic head and shoulders top, breaking down its three key phases with examples from JNJ and Dominion, plus a failed pattern in Nucor that turned into a bullish reversal....   READ MORE 

MEMBERS ONLY

Semiconductor chip: NVDA takes spotlight

Jensen > Jay: NVIDIA Takes the Spotlight from the Fed and Mag 7 Earnings

Mike Zaccardi
by Mike Zaccardi,

NVIDIA shares reached a record $5 trillion in market cap. Here's a deep dive into the stock's price action and what could keep it in the driver's seat....   READ MORE 

MEMBERS ONLY

Video from Dave Keller CMT showing Perfect Setup vs. Failed Pattern

This Head and Shoulders Pattern Looked Perfect… Until It Failed!

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

Learn how to spot valid head and shoulders patterns and when to walk away. David Keller, CMT, shows how failed setups can signal strength and potential bullish reversals....   READ MORE