Intel on the Move w/in its Handle

Due to the Trump/N.K. nuke standoff noise the market dropped in August, sentiment got short-term over bearish and I added several stocks. The more spectacular have been the likes of GILD (sold) and MZOR (partial sold, holding balance). Among the least spectacular has been Intel after it was added per this post on August 21.

It’s stabbing up through the daily SMA 200 today.

intc

And it remains firmly within the Handle to its Cup shown on the weekly chart. Again, this measures to 44 if the Handle breaks upward. I have a less than pleasant market view for Q4 so I don’t know if, how or why Intel is going to go to 44. But the chart as it stands now… is the chart.

intc

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