$INTC
$INTC has already dropped 8% after my short call, and the bearish momentum is still intact.
So far, the market is moving exactly as expected.
From a technical perspective, I still believe INTC looks bearish, and I haven't seen any strong signs of a bullish reversal yet.
That's why I'm expecting the downside move to continue.
My first price target is 117, and I believe the market has a good chance of reaching that level if the current bearish structure remains unchanged.
As always, I will continue managing my position with proper risk and money management.
The trend is your friend—until it changes.
$INTC has already dropped 8% after my short call, and the bearish momentum is still intact.
So far, the market is moving exactly as expected.
From a technical perspective, I still believe INTC looks bearish, and I haven't seen any strong signs of a bullish reversal yet.
That's why I'm expecting the downside move to continue.
My first price target is 117, and I believe the market has a good chance of reaching that level if the current bearish structure remains unchanged.
As always, I will continue managing my position with proper risk and money management.
The trend is your friend—until it changes.