INTC Follow Up

From yesterday's NTC short trade follow up,

"The third entry option would be to go short INTC on a break of support in the $23.75 area, that would be the highest probability trade"


"With INTC only about $.50 from the potential breakout area, I don't view this as a risky trade."

 The signal candle is in white, thus far the range in INTC has broken any swing trend that was either up or lateral. It's too early to say that the break will hold as the highs only need to move about $.04 to nullify the classification, but as shown yesterday, INTC has looked bad in the recent range.

 Here's the break of recent range support, which was the third and highest probability trade possibility proposed.

Here's the 15 min 3C chart shown yesterday that shows the deteriorating  condition of INTC as 3C moves to a new leading divergence low. As stated yesterday, I don't view INTC as a high risk trade- even here I don't, but this is a.m. trade that is mostly centered on burning retail limit orders from pre-market, not much can be gleaned as far as institutional activity this early.