tradingmotives

Bulls looking for new highs with ML support

Long
NASDAQ:INTC   Intel Corporation
Price has reacted to the median line . If the correction is complete and this support holds, look for new highs. The ML is important support and if Bulls continue to drive price, then the upper parallel should be breached. I will apply a new ML when pivot p4 is confirmed (the current retest on the ML)
Trade active: Monitor support at Median Line & look for new highs while the ML support holds.
Trade active: Next T 48.04 while ML acts as support
Trade active: Monitor T1 48.00
Comment: SL 44.75 (risk free + profit)
Comment: T1 48.6, T2 50 (close remaining position there). Support 45.33 so SL now 45.1
Comment: Trade criteria still valid
Trade closed: stop reached

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