Short INTC from $23.81 to $20.50 or channel bottom

2024年9月25日

MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...

Here's why I'm picking this symbol to do the thing.

Price at bottom top of 3 channels
Stochastic Momentum Index (SMI) at overbought level
Impulse MACD is flat crossing over to the downside
Price at near Fibonacci level
In at $23.80
Target is $20.50 or channel bottom

2024年10月23日

交易進行

$21.50 is where I'm closing this position. That's where the channels converge.

2024年10月23日

交易結束：目標達成

Closed position @ $21.60
SUCCESS!