INTC eyes on $22.90: Golden Genesis fib that could mark "Bottom"
Updated
Intel may now be the dinasaur of Chips.
The stock has been dumping for decades.
Last drop has bounced to major resistance.
It is PROBABLE that we "orbit" this fib a few times.
It is POSSIBLE that we reject for a "lower high" here.
It is PLAUSIBLE that we break and end the down trend.
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The stock has been dumping for decades.
Last drop has bounced to major resistance.
It is PROBABLE that we "orbit" this fib a few times.
It is POSSIBLE that we reject for a "lower high" here.
It is PLAUSIBLE that we break and end the down trend.
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Trade active
Was above our Golden fib for a bit but back below again
Zoom IN (m15)
Several bearish Pings on our fib, but no follow through (yet)
Zoom in MORE (m5) with other local fibs included:
$ 22.15 is first local support to hold.
$ 24.45 is first local resistance to watch.
$ 22.90 Golden fib STILL the key no doubt.
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