If we look at the chart, we can see INTC failed the breakdown of an H&S, retested the trendline breakout and seems to be heading higher.
Failed breakdowns are usually the most bullish patterns.
I could see the possibility of a large move here to go back and retest the $34 region, or potentially even go higher ($40+) if we can surpass that resistance.
Being price fell so quickly from March until now, I can see a sharp move higher (maybe on some news?).
Let's see what happens over the coming weeks.
Failed breakdowns are usually the most bullish patterns.
I could see the possibility of a large move here to go back and retest the $34 region, or potentially even go higher ($40+) if we can surpass that resistance.
Being price fell so quickly from March until now, I can see a sharp move higher (maybe on some news?).
Let's see what happens over the coming weeks.
Trade attivo
Entered both spot and callsNota
Looking like the move has started. Let's see if we can get to $34-44Trade chiuso manualmente
Ended up calling it on this idea. Up 500% on my options and wanted to keep profits and not get greedy.Nota
Rebought calls before close for 9/5Nota
Added $28.5 for 9/12Nota
Also added $29 and $30 for 9/19, 9/26Nota
Added more $29C for next week. Price action is looking really positive now for a move.Nota
There's the move, biggest trade of the entire year. Will start scaling out between here and $34 resistance.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.