Tom_Killick

INTC: Long Term Target Hit- Waiting For Resolution #Intel

NASDAQ:INTC   INTEL CORP
105 5 3
Traders,

We have interesting set up with Intel             . We have hit a long term Fibonacci extension target giving us a three drivers completion. But the situation is more complicated, as we have been trading range bound for some time since the target was hit.

I am waiting for resolution, and I although unsure, will say I think a short in more likely from this level. But right this second I think bears will eventually have their day.

Best of luck,
Tom

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IvanLabrie PRO
a year ago
I'm long, but yes, it's a monthly move in the making.

Cheers!
Reply
Tom_Killick PRO IvanLabrie
a year ago
Yeah, I can see your logic there, had I seen it yesterday, I would longed into the range and countered at the demand, but missed it.
Reply
Tom_Killick PRO Tom_Killick
a year ago
I would have*
Reply
IvanLabrie PRO Tom_Killick
a year ago
Yep, that move. Now waiting to see if it breaks up...which would be cool considering my SL.
I'm off to sleep, good evening.
Reply
Tom_Killick PRO IvanLabrie
a year ago
Good night Ivan.
+1 Reply
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