The Cure To His Own Curiosity
Intel on the move
The overall market has been pulling back and is currently in an obvious short term down trend.
Despite of that, tech stocks have been one of the main sectors which is still showing some strength.
I know it's not wise to get LONG in a time like this,especially when the market is in a selling mode, but INTC really does show some prospect here.
INTC (Intel) has been experiencing a few times of hard push with above average volume, trying to break the ascending triangle.
The recent push finally managed to break out the resistance above $16.50, and stayed there.
If it manages to stay above that level on Monday, I might consider taking a LONG position in this one, setting a stop lost at around $15.60.
[ watchlist ]
| This entry was posted by lionel on July 4, 2009 at 4:32 pm, and is filed under Trading. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
No comments yet.
No trackbacks yet.
Day Trade : 08 Jun 2010
about 2 months ago - 1 comment
Market is still in the down trend. Trying to look for short candidates tonight from this list. Shorted $INTC on 5th bar. 2nd bar broke below $20 full number support. 3rd and 4th candle rejected the $20 mark, which is also the OR low. This is our trigger bars. Initial Stop lost set at green
AMD vs INTC – the long term view
about 1 year ago - No comments
Someone told me that AMD seems cheap, and that it will go double if it recovers. I would like to share my view here. I believe everyone hates it when the writing gets too long, and so, this time around, i've decided to make it short and precise, and do away with all those
Intel is bottoming?
about 1 year ago - No comments
Is Intel Bottoming out? From the look of it, seems like Intel has found it's bottom, and is ready to move up higher. We shall see how it goes in the coming weeks. //
