Wednesday, January 5, 2011

INTC

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.

No comments: