INTC First Price Target Hit for a 14% Profit

INTC (Intel Corp) gapped below the first target yesterday to open at 25.00, where any standing BTC limit orders for T1 would have filled. This provides INTC with a 14% gain since the July 29th short entry at 29.06. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T2 at 25.07 remains the final target at this time. Previous & updated* daily charts below:

(post edit/revision: INTC also gapped down to hit & exceed T2, which was 25.07. T2 was the final target so INTC will now be moved to the Completed Trades category.)

*note: I've spend the bulk of my day updating the trade ideas on the site, having captured the screenshots of many of the updated charts before the market opened today. As such, prices shown on the updated charts are as of yesterday's close.

Aug 25, 2015 10:30am|Categories: Completed Trades - Short|Tags: |Comments Off on INTC First Price Target Hit for a 14% Profit