INTC +3% in 3 Days ... and Rising
by Mike Paulenoff
February 13, 2015 • 12:00 AM EST
On Wednesday this week Mike added Intel (INTC) as a short-term set-up at 33.47. He noted that his pattern work triggered preliminary signals the previous week that INTC had ended its correction off the 37.90 high into the 32.65 area and was preparing to lift off into another up-leg. Projection: new 15-year highs eventually into the 43-45 target zone.
Mike held INTC through Friday's close at 34.36 for a 2.7% unrealized gain so far.
Here is the chart work (reads 2/1 but should read 2/11) that accompanied the trade set-up.
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