simplenothing

INTC - stealth strengthening

Long
NASDAQ:INTC   Intel Corporation
INTC should move higher after it clears the current levels. Next resistance is the 200ma, but I believe it's true target is to fill the gap by earnings.
Comment:
Not doing much yet, and my Nov 22 calls are less than half, but stock is not bearish, so I'll remain hopeful. I'll see how it looks before earnings to decide whether to keep or not.
Trade closed manually:
Took my loss on this today. In hindsight, chart did not meet my price momentum requirements. Lesson learned, hopefully.

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