$Intel(INTC)$ 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.
Intel Crashes 9.7% to Lead Chip Losses — Is the Turnaround Story Getting Worse?
Intel (INTC) plunged 9.66%, breaking below $111 to become the hardest-hit mega-cap chipmaker, as Samsung's earnings ignited a semiconductor selloff compounded by rising oil prices from Iran tensions — pressuring risk assets broadly and ending the Dow's winning streak. Already lagging in the AI chip wave, Intel exhibited amplified downside on a risk-off day. With macro headwinds stacking on top of structural weakness, is Intel's near-10% drop a contrarian opportunity, or a signal that laggards get sold first?
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