Trade Ideas for Tuesday - INTC,TXN, APOL
INTC - Looking at the daily chart, INTC is forming a descending triangle. Price movement has respected the resistance line on 5 occasions. If the descending triangle holds in the next sessions and price breaks down, price may move further down to $18 level. So, pay particular attention to $19.51 support.
TXN is moving in a downward channel. A downward channel is being formed with lower lows and lower highs which is a feature of a down trend in progress. MACD fast line is about to cross slow line. Stochastic is Bearish, with K line below D line and moving down. With K line below D line this is still not the time to buy the stock.
APOL - From chart stock has broke long term uptrend line and will soon hit $53. MACD and RSI are both in Bearish zones. Banc America analysts downgrade stock to Sell.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a great evening !!!
AC
Nice Effort, keep it up
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