gkm

200-500 Moving Channel

Long
gkm Updated   
NASDAQ:INTC   Intel Corporation
If there were a meaningful, detailed analysis of this idea, it would be entered here. Targets as indicated. Stops double close below the 200.
Comment:
First target was reached with a thrust to the annual pivot. Consolidating now and oversold daily around the 50 ema. Still valid for the second target if it holds the 200 sma (i.e. lower channel line). Uncertainty candles the last two days. Risk reward is about 2 and 8. Confluence of support lines just below as shown. YMMV
Comment:
Partial on half. trailing stop at 34.50.
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