INTC Those thinking intel will fail are sadly mistaken. Chip manufacturing is now becoming an increasing national security threat in which the US government will not sit by and allow this company to fail and loose a massive US manufacturing chip giant like intel. Large portion of today's military equipment rely on chips and will only continue to increase.
INTC 🔥 LucanInvestor’s Commands: 🩸 Resistance: $22.00. A breakout targets $24 and $26. 🩸 Support: $20.00. A breakdown exposes $18.50 and $17.00.
🔥 LucanInvestor’s Strategy: 🩸 Long: Above $22.00, aiming for $24 and $26. 🩸 Short: Below $20.00, targeting $18.50 and $17.00.
🩸 Intel remains in a downtrend, trading below its 200 EMA, signaling bearish dominance. MACD shows slight bullish momentum, but the stock is struggling to reclaim key resistance levels. A breakout above $22 would indicate a reversal, while a drop below $20 could lead to further weakness.
👑 "Strength lies in the ability to act decisively at critical levels." — LucanInvestor
INTC - There are two more levels to be tested for mouth watering DCA levels. They are 17 and $12 (a resistance during GFC 2008 level). Bring it on, once in a lifetime opportunity.