Intel's Stock Is Down, but I'm Still Waiting for $50–$55
$Intel(INTC)$ : A Technical Buying Opportunity, but a Fundamental Problem
Intel has fallen sharply, and there are good reasons for it from both a technical and fundamental perspective.
📉 Technical Picture
$INTC broke its internal market structure back in July and has been in a redistribution phase ever since. That's why we haven't touched the stock.
Price typically continues redistributing lower until it reaches the weekly Smart Money pricing zone.
It has now pulled back into that zone, making it a potential long-term technical buy on our system, with a reasonable chance of a bounce.
⚠️ Fundamental Concerns
Intel's latest earnings came with disappointing guidance. The prospect of slowing chip demand is particularly concerning for Intel.
I'm not worried about the other chipmakers at this point, but Intel has a company-specific problem. Fundamentally, I see it as the weakest chip manufacturer in the group.
🎯 Long-Term Entry Zone
If I were looking to own Intel over the next 6–12 months, I'd be watching the $50–$55 range for a potential entry.
The technical setup is improving, but that doesn't mean the fundamental problems have been resolved.
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