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PtahX
Aug 30, 2020 5:35 PM

INTC 200 weekly EMA bounce Long

Intel CorporationNASDAQ

Description

Weekly technicals on INTC looking bullish. Potentially a safe haven with good debt to FCF and a 2.6% safe dividend. I see this as a pre-anticipatory buildup for earnings bouncing off the weekly 200 EMA with a rising wedge into resistance. MACD histogram turning bullish, rising bullish volume and rising Stoch. Disclaimer: I am a long term holder of intel.

Trade closed: stop reached

Comments
PtahX
Stopped out at profit, still holding 100 shares
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