Intel Corporation to crash yet another 50% to $11

Dec 6, 2024

** 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”

Dec 18, 2024

Trade active

Resistance confirmed.
Domp et.

2 days ago

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