INTC Intel has manufacturing and assembly operations in China and Mexico. Tariffs could increase costs for components and finished products imported to the U.S.
INTC Once this breaks down and closes under $20 we will see a continued selloff. There is still about 30% downside left in Intel in the short term (within a month) This will be down around $15. Every single technical indicator is showing over light and overvalued. I'm new to using this site so I'm not sure how to post pic here, but go look at technicals on INTC investing com and you'll see for yourself. GL all
INTC Monday open 23.60ish or lower. We'll see an eventual flush to test 22.41 either Monday or sometime this week. Then throughout the week we'll close near or above 23.73. Then that establishes a proper setup to confirm the bullish daily pendant and the weekly consolidation and support testing we've been experiencing. Would also form a green hammer candle signaling the weekly bottom has been confirmed. Godspeed for those who take this trade. I'm very confident in this one. Not financial advice.