INTC is bouncing off bottom of range @ support. No cause for concern on longer term chart. Overall market is giving me mixed messages. Don't expect this trade to be a quick winner, may go sideways for a few days.
PROS:
-Morning star formation
- At support
- Long term trend is in tact
- Volume slightly increasing
-Good risk/reward ratio
- 50 day ema facing up
CONS
- Overall market is not in a clear direction
- Short term trendline has broken
PROS:
-Morning star formation
- At support
- Long term trend is in tact
- Volume slightly increasing
-Good risk/reward ratio
- 50 day ema facing up
CONS
- Overall market is not in a clear direction
- Short term trendline has broken