NFTRH+; Less Intel Inside (Public)

This is the place where I sometimes toot about some of the good trades that I have made and presented to NFTRH subscribers.  It is also the place where we stay honest and publicly admit some of the lousy trades I’ve made.  Then there are the likes of the Intel trades, which have been mostly good since the original highlight a couple years ago.  But the most recent highlight reaffirming the technical target of 40 and adding a shot at 45?  Ah, not so much Gah…

So I am selling a partial position to take a tax loss (on some shares I added) and holding the rest for now, at around breakeven.  Intel has reversed some previous guidance and is now more interesting to me as a bellwether for the Semis and the economy than a stock holding, from which I no longer expect very much, in any timely manner.

INTC Daily is getting hammered.

intel daily chart

Though the weekly would ask us to believe it could shape into a buying opportunity, notwithstanding the fundamental news.

intc weekly chart

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. 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. Due diligence is your responsibility.