I guess I neglected to password protect this post. I have not taken this trade on a rather obvious topping pattern, but here it is publicly displayed and we’ll see how it goes.
Intel is in a distinct H&S topping pattern and is losing its neckline today. For those interested, especially those bearish for fundamental reasons, here is a simple short setup. It looks almost too obvious, but our job here is to present setups, not over think.
Sell Short Target: 29-30
Measured Pattern Target: 21
Stop Loss: To suit risk tolerance above 31
A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.