ynot:" INTC - el loco "
...just tired ? - INTC's UpTrend is like, on rail-road tracks when drawn on a semi-log scale daily chart. Until that stops, we're holdin' on to it (^_^)
FWIW, in the past, when INTC has had one of these locomotive - like gains, rather than some kinda quick run-up, the stock went through (a horizontal trading range with decaying momentum) a period of apparent distribution - rather than just abruptly turning around, falling out of the sky.
INTC got over-bought 03-SEP, popped out of its upper UpTrend Channel Line. I had a far-target of ~82.3 for the silly thing (my position is ~59.3) so, that's where my STOP is right now, fwiw (~82.3 = +38.8% gain YTD). I'm watching the 21d EMAverage line on INTC, ynot: if it should CLOSE below the 21d EMA, then bad ju-ju.
OTOH, the "star" candlestick today on NDX-100 index qubes is kinda scary-lookin', huh ?
-Steve
geocities.com |
