Intel on the verge of a 80% plummet to $5** The months ahead **
After decades of semiconductor dominance, Intel faces unprecedented threats to its business model. AI computing revolution, manufacturing missteps, and relentless competition from AMD and NVIDIA have created what some analysts call "a potential death spiral" for the tech giant.
The floor could be much lower than anyone realises, especially as the 2 month candle draws to a close in 14 days.
On the above 2 month chart price action has closed under 30 years of legacy support. A trend line that gave up support on July 2024. That was shortly after publishing the “Incoming 60% correction for Intel Corporation” idea (below).
Buckle up, we’re now looking at a 80% correction to $5.
Why? Market structure has been comprehensively destroyed. For whatever reason, America does not want the rest of the world purchasing its products… internal orders only! This decision coupled with internal demand collapse creates the death spiral. Orders shall resume once the the protectionist experiment has come to pass, but until then, our greatest teacher.. history.. tells us nothing good will come from this experiment on businesses dependant on the world marketplace.
Double tops in price, especially parted by some months, together with a confirmed bear flag are particularly powerful. Take the collapse of the Finnish bank OmaSp (below). Despite the negatively commentary, (really good contrarian confirmation!), the collapse to the floor follows.
Is it possible price action ignores all the hullabaloo and reclaims legacy support? Sure.
Is it probable? No.
Ww
“incoming 60% correction for Intel Corporation”
Finnish Bank OmaSp collapse
