** Forecast for the weeks ahead **
Continuing with the unpopular bearish outlook for Intel, see “Incoming 60% correction for Intel Corporation” idea (below), the chart now indicates a further 50% correction.
On the above 10 day chart:
1) Price action and RSI resistance remains active.
2) A downtrend remains intact, lower high lower lows.
3) Confirmed bear flag with extension to 11.24
4) 90% of all recent public ideas are “Long”
tradingview.com/symbols/NASDAQ-INTC/ideas/?sort=recent
Remember 90% of traders will lose money.
Is it possible price action rallies from here? Sure.
Is it probable? No
Ww
Type: Long Put option
Risk: You decide
“Incoming 60% correction for Intel Corporation”
Continuing with the unpopular bearish outlook for Intel, see “Incoming 60% correction for Intel Corporation” idea (below), the chart now indicates a further 50% correction.
On the above 10 day chart:
1) Price action and RSI resistance remains active.
2) A downtrend remains intact, lower high lower lows.
3) Confirmed bear flag with extension to 11.24
4) 90% of all recent public ideas are “Long”
tradingview.com/symbols/NASDAQ-INTC/ideas/?sort=recent
Remember 90% of traders will lose money.
Is it possible price action rallies from here? Sure.
Is it probable? No
Ww
Type: Long Put option
Risk: You decide
“Incoming 60% correction for Intel Corporation”
Trade attivo
Resistance confirmed.Domp et.
Nota
A significant confirmation of broken market structure for Intel.There's been a lot of messages some directly accusing me of manipulating $82b market (seriously? Is my name Elon?)
Wait until the $11-12 test, there's no guarantee the fall will be arrested at this level.
The annual chart (below) ended 2024 with a large bearish engulfing candle. Should $12 fail, price action plummet to 90 cents.
Yearly chart, bearish engulfing
Nota
Target was $11 .. is now updated to $7Macro bear flag confirmed.
Nota
Single digit price action cometh for Intel. What happened to the company? Going the way of Nokia... Nota
Am in receipt of some salty comments. Price action remains very much in an active downtrend as this AI tech bubble nears completion. Price action rapidly approaches market structure at 42, where it will be confirmed as before with the full impact of Thor's hammer.A dead business dependant on tweets and Nvidia handouts, don't fall for the hype.
3 month
3 week
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.