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

Aug 13

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.

Aug 13

Trade active

Entered both spot and calls

Aug 14

Note

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

Aug 19

Trade closed manually

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

Aug 25

Note

Rebought calls before close for 9/5

Sep 3

Note

Added $28.5 for 9/12

Sep 5

Note

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

Sep 8

Note

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

Sep 18

Note

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