INTC - Dec 24 Episodic pivot (Intel CEO leaves)
Updated
Strategy Episodic pivot
- 2 Dec Entry
- Grading B 7points - But increased position size to 2R because it is episodic pivot
- Intel Announces Retirement of CEO Pat Gelsinger
- This trade is episodic and driven by attention.
- Purchased a $400 position; D1 shows a gap clearly above the 100SMA. The stop loss is set 8.74% below the recent low. With the average ADR% at 3.74%, the stop loss provides a safe buffer for price development.
- If this mirrors the Starbucks trend (+20%), it could jump on the announcement of a new CEO or positive development.
- Grading B 7points
- Idea based on recent hype +3
- Greater force - There is alignment with SPX +2
- Technicals - D1 and H1 recently above 100SMA
Trade closed manually
Closed trade at a loss, looks like our bet that the removal of Pat Gelsinger would result in a strong bullish response did not pan out. 
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