INTC - Bearish breakdown has started.
Friday's price action formed a bearish harami and this morning the price action has momentum forming a potential evening star pattern. Today's price action will need to close below 35 and preferably below 34.95. A close below 7/12/2016 low of 34.48 is our trigger to sell at 34.51 or maybe the last chance to get aboard this pullback to maximize profit.
A sell this morning upon failure of maintaining the open price of 35.18 would be understandable for a aggressive position or for the long position trader looking for a pullback and banking profits.
Enjoy and Good Luck,
PP-Guy
A sell this morning upon failure of maintaining the open price of 35.18 would be understandable for a aggressive position or for the long position trader looking for a pullback and banking profits.
Enjoy and Good Luck,
PP-Guy
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