INTC is setting up a nice base.
I have alerts for $55 to add. Right now I am holding the right number of commons for me.
If the base completes, I think we go into cup and handle pattern. it's holding fairly steady with all the SPY whiplash over the last few weeks.
Worth a watch.
If we can close green this week, we may start the reversal. Watching the strat bars on the weekly.
a green 1 will be a positive sign that this is consolidating but will push higher. A red 1 will signify the opposite.
I am long this ticker.
I am in commons and calls on APPS.
It made a nice move at the start of the year and do think that smarter people than me have predicted this to be a major winner in 2021.
I picked up when it broke the down trend.
We cannot ignore that it is in a death cross. Be careful!
Calls are currently +18%
Commons are up 6%.
Stoplosses are set.
This bounced right off of support. It has many positive indicators using the strat method on the daily and weekly (called continuation).
It also has a positive sign of divergency + the news re the safe act helps this baby move.
It is in a death cross so above the 50 MA on the daily I will consider adding commons.
Grabbed just 1 APPS call for 1/17/22 expiration.
This stock was on multiple "hot stocks for 2021" lists last december.
It's beaten down and anything under the 50 and under the 200 MA and in a death cross...your brain should say "stay away"
Set tight alerts for selling but taking a risk