INTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return. I see INTC
ready to gain price and break out of the triangle. It has a P/E ratio much lower than some of
the high flyers in its subsector making it attractive to value-seeking investors and traders
who like to buy at the lows. Price is now above the long-term POC line where buying pressure
should predominate. Having seen the rise on Friday, some short sellers may begin to buy to
cover and close their positionons especially those with put options from which the time to
realize profits is now.
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return. I see INTC
ready to gain price and break out of the triangle. It has a P/E ratio much lower than some of
the high flyers in its subsector making it attractive to value-seeking investors and traders
who like to buy at the lows. Price is now above the long-term POC line where buying pressure
should predominate. Having seen the rise on Friday, some short sellers may begin to buy to
cover and close their positionons especially those with put options from which the time to
realize profits is now.
Giao dịch đang hoạt động
Price popped out of the triangle ( proper spelling this time) and put in a 4% gain.My trade is now risk free as the stop loss is above the entry price. Call option going
as expected. Will decide on Wednesday whether to roll it forward.
Giao dịch đang hoạt động
Bought the dip on a down-market day. Wednesday might be a bounce. Watching.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.