$INTC In Uptrend?

24 нояб.

INTC It is looking like this old dog might be ready to move higher. Since the August 24th ER Gap Down, Intel has been putting in a nice base. In doing so it has established an uptrend and is well into the gap. I have an alert set just above the 21 DMA (teal blue).

If it triggers, I will take a long position with a stop under the most recent low which will give me a great risk reward entry. Let’s see what happens.

25 нояб.

Сделка активна

INTC Did trigger an entry for me this morning. I waited a bit to get involved but started a position (1/2 size) at 25.40. I am a little underwater at this point but I will stick to my trading plan with a stop below the most recent daily low. Lets see what happens.

26 нояб.

Заметка

INTC For the last 45 minutes buyer been defending the $24 level. If it can hold rest of day, I'm still in. If not, I will close my position for a small loss.

26 нояб.

Сделка закрыта: достигнута стоп-лосс цена

The $24 level did not hold so I am out of this trade. Back on the watchlist. I will take the trade again if it sets up on the same criteria.

26 нояб.

Заметка

INTC I am still thinking this one can run. In the last 5 minutes of trading today, there were over 7.5mm shares traded and in the last 10 minutes there were over 12 mm shares changing hands for a close just over $24 per share which was an area that found buyers most of the day.

26 нояб.

Заметка

Those volume numbers came from my trading platform, Interactive Brokers. TV only has just over 7 mm shares the whole day. I am choosing to believe IBKR's numbers.

2 дек.

Заметка

INTC I am back into this one. Stop just below todays low.

2 дек.

Заметка

That did not workout well. I have closed it for a bigger loss that I had planned... Next time hard stop goes in the machine.