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)
New Trader here, so don't think I know anything. I use price, volume, moving averages, and longer term trends (weekly) to determine trade direction for daily swing trades.
TCOM has rallied back up to moving average resistance and is at the top of a downtrending channel on a daily chart. Weekly chart is "eh", not in a strong uptrend, but not downtrending either....
