INTC
📉 Intel’s recent earnings report was met with negativity due to poor future expectations, despite the reported numbers being acceptable.
🧱 The $19 price level represents a crucial, long-term historical support zone dating back over a decade (since 2008-2012).
⚠️ Losing the $19 support level would be a significantly negative event for the stock’s long-term outlook.
@marcosemmimfp:
“Regarding Intel, you asked about the strong support at $19. Looking at the weekly chart, yes, indeed. If it happens to lose $19, if it reaches $18, we’ll be… Yes, because in fact, this level is historical, dating back to 2011, 2012. Look, 2010, 2008. It’s a zone you can’t afford to lose; it’s an important zone. Previously, Intel’s earnings report was acceptable, but future expectations weren’t good, which caused the drop.”
Watch the exact part of the video where @marcosemmimfp talks about Intel Corporation here:
Watch the video on YouTube
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