INTC - Short
I am shorting INTC
Sitting well below its 200DMA
At the top of a 60-day descending channel
At the top of a 30-week descending channel
All sorts of moving average resistance above (10 day, 50 day, 200 day, 10 week, 30 week)
To this new trader, this stock looks ugly.
Target: 47.50ish (will sell 1/2 at 51.50)
Stop: 54.28 (a close above 50dma)
Sitting well below its 200DMA
At the top of a 60-day descending channel
At the top of a 30-week descending channel
All sorts of moving average resistance above (10 day, 50 day, 200 day, 10 week, 30 week)
To this new trader, this stock looks ugly.
Target: 47.50ish (will sell 1/2 at 51.50)
Stop: 54.28 (a close above 50dma)
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