Thursday, July 30, 2009

Case study, Intel Corp ( INTC )

Quick case study of Intel Corp ( INTC ) ;
1) Pay attention to the "up the stairs pattern" ; it should dictate the next probable scenario.
2) Latest move, we did see a GVN condition (Gap, Volume & News) ; these kind of actions (GVN) are pretty reliable since volume (huge increase) does confirm the importance of a new fundamental event ; it creates a gap that can eventually serve as a stop loss level.
3) Raise stop to 18.5$ (if you are a trader) ; long term investor , holding is fine right now.
4) Next move ? another channel pattern ? probably

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