INTC has painted a perfect cup and handle pattern for us, as you can see we have closed right at our pivot point so we should see some type of breakout or rejection from this level..Ill be looking for a break of 48$ to enter my long position with my first target being 49.50 with a final target around R2 or 55$...I trade options so ill be looking at calls with a strike price around 50-53 and expiring mid August sometime. Looking to ideally only be in this trade for a few days no longer than 1 week
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i took profit way too early on this trade