Wash, Rinse, Repeat: INTC (Intel Inc.) will offer an objective re-entry (for those that recently booked the 30% profit at the sole & final price target on the last trade, including the side-stepping of that swift & immediate 12% reversal of the 24.66 target) or new long entry here on the pullback to the top of the recent basing pattern. Current price targets (T1 & T2) just below the resistance levels shown on the 60-minute chart above & I may add additional target (marked), depending on how the charts develop going forward. The suggested beta-adjusted position size for this trade is 0.8 with a suggested stop of 21.42. 60-minute & daily charts below.
INTC 60m Oct 3rd
INTC daily Oct 3rd