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
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
Operación cerrada: objetivo alcanzado
Very nice move in very fast time.
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.