Intel Corp INTC has a base and breakout pattern

30 сент. 2015 г.

Despite the horrendous September for the stock market, INTC is making new 2-month highs.

It is also tracing out a pattern that technicians love to see, it is called a Head & Shoulders pattern.

The interesting point is that this bottom follows on the heels of a H&S top pattern that completed this past summer.

Which one will win? The top pattern or the bottom pattern?

My sense is to go with the latest pattern and go with INTC long here. Buy here, buy down to $29 and buy any new highs after a pullback and target $34 to $35 in the next 1-3 months. Stop loss 27.

Tim

3:01PM EST 9/30/2015

23 окт. 2015 г.

Сделка закрыта: достигнута тейк-профит цена

Very nice move in very fast time.