INTC: Great correction to buy more or enter for the first time

21 thg 10, 2016

INTC gave us a nice correction after the earnings report, sending it close to support at 34.90 and also landing on the lower deviation of a linear regression channel that I started from 2016's low, and anchored the other end to the highest high on October 10th. The new Key Earnings Level should act as a magnet propelling prices back up to 36.50 quickly. Once we break above it, and start moving up again, price will resume the long term uptrend.
Check related ideas for more information regarding the trend duration, targets and more.

Good luck!

Ivan Labrie.

26 thg 10, 2016

Ghi chú

s3.amazonaws.com/tradingview/snapshots/3/33G8MT6s.png

Should be bottoming around here.

31 thg 10, 2016

Ghi chú

You may add to the long here.

1 thg 11, 2016

Ghi chú

I'd reccomend hedging here or selling the position since it might go lower to the next support level.

12 thg 11, 2016

Ghi chú

Back to the entry zone, we can buy it back next week.

15 thg 11, 2016

Giao dịch đang hoạt động

I rebought at 34.99

15 thg 11, 2016

Ghi chú

Risk was $1.98 per share

5 thg 12, 2016

Ghi chú

Now you can reenter or add.

12 thg 12, 2016

Ghi chú

My avg entry is 34.61, I'm selling at the money calls here -strike 36, Jan 20th 2017 expiration-