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imTheIsh
Feb 21, 2020 4:38 PM

INTC price drop  Short

Intel CorporationNASDAQ

Description

INTC has been pressured to sell off as investors see how much market cap is owned by AMD and NVDA. The current volume is will taper off until the next earnings and will have to be kept in a competitive price range. I propose the stock price will reach the last support it had before the earnings gap. The current pennant is a strong sign of indecision and a break out towards lower prices seems possible.
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