INTC was a featured short sale last week and this week, it's been bouncing around in a bear flag, typical pattern volatility but now we have the second break, this one is more reliable. Take a look at the trade, it may be one that has some legs, at least for a swing move down.
INTC's negative divergence on yesterday's move up
Here's the break of the flag.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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