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