INTC Short Setup

Intel is in a distinct H&S topping pattern and is losing its neckline today. For those interested, especially those bearish for fundamental reasons, here is a simple short setup. It looks almost too obvious, but our job here is to present setups, not over think.

intc

 

Sell Short Target:  29-30

Measured Pattern Target:  21

Stop Loss:  To suit risk tolerance above 31

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