 We've got a caller on the line, so we've got call ahead seating. Let's go out to Jeff in New Jersey. Jeff. Thanks for calling Thanks for holding. How are you doing today? Doing well. How are you Steve? Very good. Thanks so much for asking and I know we're gonna talk about Intel So tell the folks what what you're doing and how I can best help you sure so I have Like a policy for myself to not hold a position over an earnings report Okay, I'm very conflicted about Intel. I'm looking at the daily chart and there's a beautiful rounded bottom there It's looking very bullish. It just kind of broke out a little bit today pull back a little bit But it's looking really bullish, but the earnings report is On the 23rd this week after the market closes, and I would really like to get some calls on it But but normally, you know, I feel like earnings reports are crap shoots So I'm kind of conflicted and I wanted to ask your thoughts on it So my first question would be how has that worked for you? generally speaking Is that I don't have a really good metrics, but I would say it's about 50-50 somewhere in there as far as how earnings report relates to the Set up on the on the chart I'm glad that I did that I'm not holding the stock at the earnings report because you know, there are surprises often So I really should stick with that, but this chart formation just looks so tempting that I thought I should get a second opinion. So this is great. I think this so further. Thanks for that explanation. That's really helpful And so today's activity as an example Intel if we take a look at the daily timeframe chart, so something to add to maybe your thinking here is the fact that there is a Bare structured daily profile. Now what that means? There's really three lines or oftentimes. There's three lines There's a top the top is identified in red. The bottom is green. The center is a cyan Bluish type color now the top of a box is where sellers are lined up the center of the box is where both buyers and sellers believe There's fair value with inside that price range. Well, the price range here is between 60 13 and 57 29 But the center of that profile is at 59 77 very close to the top at the top There's just sellers at the center line. There's both buyers and sellers. Well in this case because it's so close to the top There's more sellers located between 59 77 and 60 13 However, what price has done today It's overtaken that and a close above that which would be 60 13 And I would say two closes above that so tomorrow Would be suggesting that there's a real breakout above resistance on the daily timeframe The last time that price was up here was on the trading day of December 30 was January 2nd now the volume there was about 1.7 or 17 million Yeah, about 17 million shares. You're at 17 million shares right now So you're pushing in that swing point with volume. That's a nice thing The question is if it closes above that and and by the way with regard to support So your downside action Would be about 57 29 unless it just got awful out there But that would be your support so to so you want to use that that thought process with regard to What's your current holding price? Although you're I think you're taking a look at trying to just play this as if I'm correct here Just simply play this as some type of call option going into earnings Or do you certainly have a holding? Well, I don't have a position now and you know, it's just going to get some call options But my like if there was no earnings report before I knew that before I looked up the earnings report I had a target up around 64 because of the a b equal cb kind of pattern Yeah, right. So it looks like and also there's a 61.8 fib level up there around 64 So I was uh, that's what I was going to target. But before, you know, I take a position I always check the earnings reports. I go no Well, um So resistance wise so the one of the roles for us is to try to identify support and resistance and on the daily which we've just covered the weekly and the monthly price is above resistance of its TAS market profile So support is going to be on any move lower It's going to be somewhere in those profiles could be the top of the center of the bottom When you're above the top the top really becomes the potential support But you have to also look to what's inside there. Now, would you take the call position? Should we take the should you know, be yeah, it's breaking out But should you take what are the elements inside the charts to maybe suggest cost? Well price is moving higher doing less relative energy So if there were to be some type of bearish reversal candle say tomorrow Then you would not want to take that trade with because I would think that the Markets would be signaling to you that price is at least going to pull back and test support We don't have that right now. You just have a cautionary single signal on the daily time frame out here If I look to the larger time frame the weekly and then we'll go to the monthly On the weekly, do we see any sign of a top? We don't we don't from a pattern standpoint There's you had mentioned an a to b equal cd pattern if we take a look at it from a weekly standpoint Price is moving up towards the 1.618 a to b equal cd level that would be 62 16 does not mean that price would stop there. You're in wave number five on a weekly time frame That's not necessarily a topping signal price above steve's green line 59 48 So, you know that there's nothing bearish about the weekly chart for intel that I see and there's nothing bearish About the monthly time frame chart once we expand this out other than Price is also moving higher doing less relative energy But until the bearish reversal candle shows up, you know, you you'd be guessing I would be I would be guessing to say that it's just a cautionary sign So I guess in the end here, um, you know, you I don't see reasons to not take that trade Uh, but I wouldn't load up the truck necessarily I'd rather see you take that trade when intel is really making a bottom You know and all it's doing right now is it's in this bullish mode and you're trying to figure out, you know, maybe where it's headed to And I don't think I answered your question before I'm sorry I think you're asking if I have a level for support and yeah I do have a level of support is right below the swing low of that slow ground bottom and is also a 50 Day moving average right under there also Yeah, so on the daily so right so under that Yeah, so your tools that's great. So you've got that I would add to support levels other than the profiles my green line Which is about 60 13 give or take right now. So that would be a a level of support So for me the swing points themselves are not I've shied away from using the the swing points as Support or resistance But but but but I'm not gonna try to I'm not gonna talk you out of that I don't want to talk you out of that But here's I think the question was Really you're looking for information You know should you it would be advisable to take that trade I don't see specifically with consideration of the earnings report coming up in a couple days Yeah, so that the earnings report piece of it. That's why I was trying to understand You know your background with regard to has that worked for you because if it's worked I would never want to try to talk you out of it But here's what we know as we go into this break and that's real simple Intel looks bullish It's got a couple caution signs But it looks bullish and so your signals suggest to take the trade. I'm going to say go ahead and do it Just don't back up the truck Okay, I thank you very much. You bet. Have a great day and folks will be right back