Intel Corporation
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$INTC looks good for at trade to the upside? Targeting $34+?

666
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.
トレード稼働中
Entered both spot and calls
ノート
Looking like the move has started. Let's see if we can get to $34-44
手動でトレードを終了しました
Ended up calling it on this idea. Up 500% on my options and wanted to keep profits and not get greedy.
ノート
Rebought calls before close for 9/5
ノート
Added $28.5 for 9/12
ノート
Also added $29 and $30 for 9/19, 9/26
ノート
Added more $29C for next week. Price action is looking really positive now for a move.
ノート
There's the move, biggest trade of the entire year. Will start scaling out between here and $34 resistance.

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