INTC – The Art of Chart Reading Online https://artofchartreading.com A complete guide for day traders and swing traders of forex, futures, stock and cryptocurrency markets Wed, 22 May 2024 22:20:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://artofchartreading.com/wp-content/uploads/2018/06/cropped-aocr_background-32x32.jpg INTC – The Art of Chart Reading Online https://artofchartreading.com 32 32 A Tale of Amazon, Microsoft and Intel as of Nov 2, 2018 https://artofchartreading.com/2018/11/03/a-tale-of-amazon-microsoft-and-intel-as-of-nov-2-2018/ Sat, 03 Nov 2018 20:07:51 +0000 https://artofchartreading.com/?p=237 Continue reading "A Tale of Amazon, Microsoft and Intel as of Nov 2, 2018"

]]> Long term players do not look at the charts like the active traders. They care much about the trend and the long term averages. Here is a chart of Amazon, Microsoft and Intel with their monthly 12, 24 and 36 period simple moving averages.

Are these long term players concerned?

Hint: Of course they are since the beginning of this year. That’s why we have this sell off.

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The more important question: Are they willing to buy these market leaders now?

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