INTC had a strong morning that looked a lot like yesterdays super model uptrend. Tape showed resistance at 52 so I waited for this level to break; I got in on a pullback for 2 tiers at 52.04. It proceeded to trend up very strongly so I added another tier on a pullback at 52.18. INTC made a LH however so I sold two tiers (bringing my position down to 1 tier – core position), one at 52.21 and the other at 52.16. Its currently forming a descending triangle against the 52.10 level. INTC broke the descending triangle and is now consolidating above the 52 resistance level. INTC was in a downtrend all day after its morning high.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-30 10:28:41 | INTC | buy | $52.040 | long |
2019-07-30 10:46:07 | INTC | buy | $52.185 | long |
2019-07-30 10:58:34 | INTC | sell | $52.210 | long |
2019-07-30 11:06:27 | INTC | sell | $52.161 | long |
2019-07-30 12:20:27 | INTC | sell | $51.960 | 0 |
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