Intel Corporation to crash yet another 50% to $11
** 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”
IINTC/SKYLP
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”
IINTC/SKYLP
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 active
Resistance confirmed.
Domp et.
Note
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
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.