INTC eyes on $22.90: Golden Genesis fib that could mark "Bottom"
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Intel may now be the dinasaur of Chips.
The stock has been dumping for decades.
Last drop has bounced to major resistance.
It is PROBABLE that we "orbit" this fib a few times.
It is POSSIBLE that we reject for a "lower high" here.
It is PLAUSIBLE that we break and end the down trend.
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The stock has been dumping for decades.
Last drop has bounced to major resistance.
It is PROBABLE that we "orbit" this fib a few times.
It is POSSIBLE that we reject for a "lower high" here.
It is PLAUSIBLE that we break and end the down trend.
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Trade attivo
Was above our Golden fib for a bit but back below again
Zoom IN (m15)
Several bearish Pings on our fib, but no follow through (yet)
Zoom in MORE (m5) with other local fibs included:
$ 22.15 is first local support to hold.
$ 24.45 is first local resistance to watch.
$ 22.90 Golden fib STILL the key no doubt.
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