INTC Sell
INTC is in a major downtrend. A minor pullback into the range before sellers swamped in pushing price below the major support @ 46.17. Price trading below and not breaking above the S turned R, along with moving averages aligning to suggest sellers are dominant, I decided to open a sell trade with T/P placed around the lower low.
Trade closed: stop reached
Strong spike up pushing price higher. P/L: -1.17%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.