Hi Shoppers,
Looking at the Intel (Ticker: INTC) chart, it has broken out of a trading range, to the upside:
INTC has definitively cleared the 50-day moving average (blue line) and has broken out of the trading range it had been in since October 31st.
Looking at the calls, I like the Nov18 expiration:
I like the Nov18 30 calls.
I think INTC can trade up to $31.25 and $35.30.
Trade Review
Quantumscape (Ticker: QS) did not open and trade higher on Wednesday, it actually completely fell out of bed.
This a good example of why that confirmation is so very important.
Thanks for Reading … See You Next Tuesday.
Licia Leslie