Don't take this trade. At this level
$INTC I’m just doing the math from the sidelines, not making a move.
Assessment: Two runs in 24 hours, hit the wall twice, and stalled in the middle.
Basis: At 10:00, it touched 57.24 on 1.2x volume; five hours later, it plunged to 54.19.
A $3.05 drop, down 5.3%, with no decent bounce in between.
Basis: At 17:00, it tested 54.83 on 2.8x volume, the heaviest of the day, and closed at 55.99 with a long lower wick.
Assessment: It climbed from 54.19 back to 56.18, recovering 65% of the drop, and tested ma20 at 56.01.
Entry math: Stop at 54.8 means a loss of 1.3