Intel Corporation
Long
Updated

$INTC: Forecast/guess

1 426
I'm 'hodling' INTC, my average cost basis is quite good here, so I can afford letthing this winner run. I think we could be in the presence of a huge weekly uptrend but we need to break above the overhead resistance zone before having more confidence in this scenario. For now, I'd reccomend caution and only holding up to 10% of your portfolio in it if invested.
The Spectre and Meltdown security flaws are real and have put a dent in the stock but it's clear long term buyers are still in control, judging by how supply as absorbed lately.

Best of luck,

Ivan Labrie.
Note
Target hit here, I'd consider hedging/selling long positions if in. I'm not currently in it though.
Trade active
I'm back in the long trade from circa 53 ish.
Trade closed manually
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Trade active
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Bot the dip.
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Averaged in gradually...cost basis is not bad, holding.

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