Intel first major mobile win from apple - up to 50% market share

Apple has chosen Intel modem chips for the iPhone used on AT&T Inc.’s U.S. network and some other versions of the smartphone for overseas markets, said people familiar with the matter. IPhones on Verizon Communications Inc.’s network will stick with parts from Qualcomm, which is the only provider of the main communications component of current versions of Apple’s flagship product. Crucially for Qualcomm, iPhones sold in China will work on Qualcomm chips, said the people, who asked not to be identified because Apple hasn’t made its plans public.

http://www.bloomberg.com/news/articles/2016-06-10/intel-said-to-get-chip-order-from-apple-first-major-mobile-win

http://appleinsider.com/articles/16/06/10/intel-lte-modems-to-power-att-version-of-apples-iphone-7---report


Check out here to see why I am still optimistic on Intel altough PC market is shrinking. This is for long term hold:
http://tachartreading.blogspot.com/2016/06/intel-technical-analysis-monthly-view.html

Midas Holding Ltd Technical Analysis

Midas appears to have bottom, if not rather near to bottom already. A falling wedge seem to be in formation and the measured move is around 0.6-0.65. Thereafter, consolidation could happen at around 0.56 - 0.6 before the market decides the next direction. I am curious to find out if it would go to 0.8-1 in the longer term. We shall see.

Crude Oil mid to long term tehcnical analysis

An inverse head and shoulder seem to be forming. If this formation is valid, 75 - 80 is the target.

Bear in mind many other traders also see this. Will the big boys or Mr market be so generous to let it happen? We shall see if the right shoulder will be formed.

Ezra technical analysis

1) There is breakout of symmetrical triangle.
2) There is a possible imperfect iH&S.
3) Measured move is at the 1st target area.
4) If it is going to close the gap, could hold for 2nd target.

N.B: This is purely technical and there is nothing fundamental good about Ezra at the moment. It is halted at this moment pending some announcement. Trade at your own risk appetite.

There are many possibilities why this counter is halted. Below analysis quite thorough. I got it from http://www.sharejunction.com/:

Fastbucks123      ( Date: 10-Jun-2016 14:01) Posted: 

Let me re post for the benefit of those who didn't read:  Possibilities:  1. Rights issue: unlikely cos Lee family already broke after subscribing last rights at 0.105. Their vehicle, jit sun, exited loyz energy.  2. Contract: not likely. Normally they announced after their results announcements. The most is halt one day  3. New shares: Maybe. And if so, some one reputable must be some reputable kid on the block or its existing partner Chiyoda.  4. Takeover: possible. As nav is grossly higher than the current share price. Overall macro industry is improving and good time to offer. Lots of intrinsic value.  A. Takeover party: chiyoda- highly possible. Had been very quiet ever since their last done deal  B. Takeover party: Lee family privatization?- unlikely. They are broke  C. Takeover party: some big names. Maybe  5. Share consolidation: unlikely- why now when they have a good two months to pump the price and market is conducive and not difficult to do so. Also if consolidation, why would share price moved up? The last consolidation MTP Requirment sent the price down to 0.048 (the lowest) if everyone remembers.  6. Merger with triyards, emas....: unlikely cos they are not halted.  My conclusion and speculation: it will be a good news cos the news got leaked out and someone bought and bought till exchange forced company to halt it.  pS I appear to talk rubbish in other counter forum. But I can be dead serious and talk sense from my 20 years of trading. Good luck all. I am deeply vested in this. Good luck to me too.

Natural Gas Trading - for the week 6th Jun - 10th Jun

10th June

Daily support/resistance: 2.576, 2.541
Pivot, 2.558, 2.567

Yesterday was a monster move. It now retrace after hitting the previous upper channel. 2.40 looks to be the next area if it corrects.

9th June

Daily support/resistance: 2.477, 2.466

Pivot: 2.471

Nicely touched the 2.477 and drop down. As long as this hold below 2.466 today, bears are safe.

I was watching the rising wedge. It simply couldn't go up anymore and drop accordingly. That's the amazing thing about technical analysis!

US session: the weekly support/resistance of 2.366 and 2.303 still not hit yet. holding below 2.441 would be good for bears to push down to 2.366

Intel Technical Analysis - Monthly view

From monthly perspective, Intel has ih&s of ih&s within the chart over a span of 10 over years. There is a last ih&s spotted. The measured move is around 45. My target is 40-45-50. Bear in mind this is a long term target.

As long as it does not close below 28, the above would be valid.

There is another confirmation. The formula is to use the sum of the high and the low divided by 2 will be where the price could retrace. The high is around 76 while the low is around 12. Using the formula would get us to $44, within my target range.

Fundamentally, their cash cow PC market is shrinking but dropping slowly. Mobile business see no fruit yet but at least for now they get a contract win from Apple for iphone 7. Data center still strong. IOT still see not much fruits but I expect the hype on IOT to increase in the years to come when more and more devices are connected to one another.

Intel has announced transition to a company that powers the cloud and billions of smart connected computing devices. Whether if the strategy work out eventually remains to be seen. Short sellers are increasing. Once the hype about the success of the strategy increase, watch how fast the price will shoot up once the short sellers cover.

Cosco Singapore Technical Analysis

1) A falling wedge is forming inside a big consolidation triangle.

2) The measured move of the falling wedge is around 0.4 - the first target.

3) The measured move of the consolidation triangle is at around 0.7 (the second target) but it needs to overcome the strong resistance zone at 0.6 first.

Zooming in on the falling wedge, based on 13th Jun chart, the price is testing the falling wedge upper resistance line. As long as price does not close below the wedge, first target could be achieved.

From monthly TF perspective, Cosco could possibly have reached bottom and ready to go up to 0.6.before going to 0.7. If the falling wedge pattern fails to materialize inside the consolidation triangle, it could test the bottom and possibly test new low at 0.254.

Related post: Cosco Singapore Technical Analysis Part 2

Natural Gas trading - 8th Jun

Daily support/resistance for today: 2.473, 2.45
Pivot: 2.464, 2.462

Possible H&S spotted in 5min TF

Consolidation could happen between 2.473 - 2.45 if bears manage to push it below 2.473