Is today's low the bottom for INTC stock? Only future will tell but being a trader we can not wait that long... so IMO intel stock has formed a bottom today.
Intel can be traded with a stoploss at today's low.
Thursday, November 13, 2008
Intel INTC stock bottom? - strong U TURN buy signal
Market did not like Intel (stock INTC) yesterday after their earnings. It was trading lower in the aftermarket. This caused the Intel stock, and the market, to trade lower today. However surprisingly, Intel closed strong today. This is a text-book style U TURN buy signal in Intel stock.
Is today's low the bottom for INTC stock? Only future will tell but being a trader we can not wait that long... so IMO intel stock has formed a bottom today.
Intel can be traded with a stoploss at today's low.
Is today's low the bottom for INTC stock? Only future will tell but being a trader we can not wait that long... so IMO intel stock has formed a bottom today.
Intel can be traded with a stoploss at today's low.
Subscribe to:
Post Comments (Atom)
-
SNAP- Snapchat- Is it good time to buy? I don't follow SNAP but somehow I stumbled upon the chart. It seems to offer pretty good ri... -
MON- MONSANTO- Is it a good buy? Highly respected, and hated at the same time, Monsanto chemicals stock has fallen significantly over last m...
No comments:
Post a Comment