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suheysen93
Sep 27, 2018 6:50 PM

INTC Sell Short

Intel CorporationNASDAQ

Description

INTC is in a major downtrend. A minor pullback into the range before sellers swamped in pushing price below the major support @ 46.17. Price trading below and not breaking above the S turned R, along with moving averages aligning to suggest sellers are dominant, I decided to open a sell trade with T/P placed around the lower low.

Trade closed: stop reached

Strong spike up pushing price higher. P/L: -1.17%
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