Every trader at Chartpattern knows I have pounded the table on INTC from below $24. This position is up 386% and looks to be setting up for another buy if the market can shake off this terrible price action.
Such a violent drop today. I planned to be short from this mornings sell signal but ended up covering 70% when the SOXL plunged 24% lower. Likely weeks of choppy trading to follow.
Hiding in leading stocks has been working - AAOI LITE MRVL SNDK TER SOLS GLW DELL STX continue to be very powerful stocks during a brutal market period.
Hiding in leading stocks has been working - AAOI LITE MRVL SNDK TER SOLS GLW DELL STX continue to be very powerful stocks during a brutal market period.
The powerful turnaround in price action since Thursday has justified building multiple positions, and even (NVDA) could invalidate its downside target near $130 if the market continues to hold last week’s low.
It has been an exceptional oversold bounce in the market with many small cap weighted names showing strong action. The market now sits at a decision point. From here it will either shift into a breakout trending market if buyers step up or we will start to retrace lower again.