$INTC looks good for at trade to the upside? Targeting $34+?

13 thg 8

If we look at the chart, we can see INTC failed the breakdown of an H&S, retested the trendline breakout and seems to be heading higher.

Failed breakdowns are usually the most bullish patterns.

I could see the possibility of a large move here to go back and retest the $34 region, or potentially even go higher ($40+) if we can surpass that resistance.

Being price fell so quickly from March until now, I can see a sharp move higher (maybe on some news?).

Let's see what happens over the coming weeks.

13 thg 8

Giao dịch đang hoạt động

Entered both spot and calls

14 thg 8

Ghi chú

Looking like the move has started. Let's see if we can get to $34-44

19 thg 8

Giao dịch được đóng thủ công

Ended up calling it on this idea. Up 500% on my options and wanted to keep profits and not get greedy.

25 thg 8

Ghi chú

Rebought calls before close for 9/5

3 thg 9

Ghi chú

Added $28.5 for 9/12

5 thg 9

Ghi chú

Also added $29 and $30 for 9/19, 9/26

8 thg 9

Ghi chú

Added more $29C for next week. Price action is looking really positive now for a move.

18 thg 9

Ghi chú

There's the move, biggest trade of the entire year. Will start scaling out between here and $34 resistance.