Intel Nears a Critical Make-or-Break Level, Faces a Key Technical Test Below $100
$Intel(INTC)$ late stage bull cycle is still intact, but if this volume support breaks and $100 is lost, things can get ugly fast.
Big volume and a clear gap below.
I would not look to short this, but I also would not be a buyer this late in the bull cycle.
I wouldn’t short $INTC in a Bull Cycle, but I also wouldn’t be buying.
Price is trading above the 2x deviation band, so it is extended and at a strong premium.
Weekly DON BX rolled over last week, which tells you broad buying pressure is fading.
Good spot to take some profits off the table, not to start new longs.
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