#INTC flashed a big trend signal in the daily timeframe here, explosive upside potential. Risk is $1 per share roughly (stop at 57.75) to make up to $6.06 per share in 11 days. With China changing their stance on IP theft over the weekend, a big trend in equities can fire here. Trump more likely to get to a trade deal resolution soon (or that is what market participants anticipate, judging by price action).
On the flipside, valuation for $INTC is quite good here, and I would favor trading on the long side on the way up, for as long as $SPX keeps trending up. (there's a long term bullish forecast that recently was confirmed, implying the stock market will advance intensely in the coming months, until 2021 pretty much, see related ideas for the post I made anticipating this a while back).
If you want to get real time alerts to join all my trades, be sure to check out my FB page, it's in the signature field below.
Cheers,
Ivan Labrie.
On the flipside, valuation for $INTC is quite good here, and I would favor trading on the long side on the way up, for as long as $SPX keeps trending up. (there's a long term bullish forecast that recently was confirmed, implying the stock market will advance intensely in the coming months, until 2021 pretty much, see related ideas for the post I made anticipating this a while back).
If you want to get real time alerts to join all my trades, be sure to check out my FB page, it's in the signature field below.
Cheers,
Ivan Labrie.
Trade closed: stop reached
