Despite the horrendous September for the stock market, INTC is making new 2-month highs.
It is also tracing out a pattern that technicians love to see, it is called a Head & Shoulders pattern.
The interesting point is that this bottom follows on the heels of a H&S top pattern that completed this past summer.
Which one will win? The top pattern or the bottom pattern?
My sense is to go with the latest pattern and go with INTC long here. Buy here, buy down to $29 and buy any new highs after a pullback and target $34 to $35 in the next 1-3 months. Stop loss 27.
Tim
3:01PM EST 9/30/2015
It is also tracing out a pattern that technicians love to see, it is called a Head & Shoulders pattern.
The interesting point is that this bottom follows on the heels of a H&S top pattern that completed this past summer.
Which one will win? The top pattern or the bottom pattern?
My sense is to go with the latest pattern and go with INTC long here. Buy here, buy down to $29 and buy any new highs after a pullback and target $34 to $35 in the next 1-3 months. Stop loss 27.
Tim
3:01PM EST 9/30/2015
交易結束：目標達成:
Very nice move in very fast time.
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