$INTC $Intel(INTC)$ How to find an entry, IMO
I'm looking or an entry and this is just my opinion on what I am looking for. On 7/29 this started trading under the 5 day exponential moving average (green line). This is a momentum indicator and as long as a stock trades under the 5, it most likely will go down. If it starts trading under the 5, I wait for it to start trading over the five, showing me momentum has turned. It hasn't done that yet, so if you took a position after 7/29, you are in a losing trade. There are other factors but this is one indcation for me to start looking for an entry. Once it trades over the 5, I'll look at the other indicators for an entry. Have a great day
Comments