$INTC Box Pattern, $SMTC Momentum, $GEO 10-MA Strategy

jfsrevg
07-02

$INTC continues consolidating after a powerful rally, $SMTC highlights the value of patience during base-building.

And $GEO reinforces the importance of disciplined trend-following with the 10-day moving average serving as a key risk management level.

1. $Intel(INTC)$

Still building within its box range after cooling off from an extended move into a widened range.

The last rally, from March 31 to May 8, delivered a 178% move without violating 10-MA after coming out of a 11 week tightening base pattern. That's the kind of needle-moving move that can push the 10-MA's limit I'm focused on.

You need to know your timeframe, and where your comfort level of trading frequency is to your trading style.

2. $Semtech(SMTC)$

The market rewards patience far more often than urgency.

3. $Geo Group Inc(GEO)$

Follow the simple 10-MA sell rule.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
6