Dave Barnhart breaks down dark pool trades in Intel, including a 9.9 million-share block at $103. If INTC holds above $91.50, bullish targets range from $92.03 to $96.69. Below $89, the stock could fall to $70-$80.
Chapters
All right, so Intel here, we've got this consolidation of prints here in the last month. These are absolutely massive, right? So 9.9 million is the biggest here from August 14th at $103. We're trading at $91, we're $12 below that. So 2 million, 1.1 million, 5 million, just massive prints here. So we've pushed back down, and so let's see if we're going to break above these prints here at the bottom, $87.90 and $90.70. Of those at the moment, but below these massive ones. So, um, for the swing, we have to break out and try and get up towards these prints where these other prints would be targets. And if we break below, I've got a 200 exponential here at about 78, 79 on that. So let's map this out for the intraday. We are going to be bullish above 91.50. Let's get above this range target, 92.03. 92.13 is a 1.8 million. 92.43 is our one. Then we've 93, 94, 94.14 is the cam, 95, 95.39 is R2, and we've got 96 is the 1.3 million, 96.69 is 5 million, which we already talked about. I stopped there. ATR in this one's about $5.50, so we'll leave it there. Otherwise you can map it out to the moon. Bearish below 89. This is a whole mess here. We've got 7 million Imprints. I've got my 200 simple, 200 exponential, and we've got 3 pivots. Yeah, Camarillo pivots here. So let's get below— oh, and this one, and there's the post-market. So 89, we want this to be, this to be resistance. Target 88.62, 88.19, 87.78, and 70. 2.5 million here right at this S1. So this is going to be a little bit tighter on the downside, definitely doable. And we've got 86.91, 86.09 is S2. 85, 84, 80 is a cam. Runch this in a little bit, 82, 50, 81, 44 is S3. So it does expand a bit on the downside, especially for room.
