Hello

INTC Long

Long
BATS:INTC   Intel Corporation
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Buy Area - $22.50 - $23.30
Target Area - Around $24 (First Fibonacci retracement level)
Stop Limit - Below $22

Reasons to buy:
- Daily stochastics are oversold
- Within a channel and bottom of channel would be around entry area
- Previous lows are around entry area from December
- If you were to count June - September as a giant bear flag the meassured move down would be around entry area

http://www.TradeForPay.com

Comments

TFP, it was nice meeting you at SSJ launch. I'm Chris btw.
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