Buy Intel
$Intel (INTC.US)$ added more positions to my INTC holding. Average price $19.20.
Intel price has been beaten down significatly now resting at support line. It also got downgraded last week which i think the price should have bottom out as the price did not go any lower after downgraded. I think INTC should have a nice bounce to around $21 to $22. Risk should be pretty low. However, if price drops below $18 and have daily candle close below $18, then will close the position at a loss as it would have broken support. Otherwise I think a potential good bounce may happen soon. Let’s see how INTC moves tonight and this week.
Cheers.
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