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”

tradingview.com/symbols/NASDAQ-INTC/ideas/?sort=recent

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.

Feb 3

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

Apr 8

Note

Target was $11 .. is now updated to $7

Macro bear flag confirmed.

Apr 11

Note

Single digit price action cometh for Intel. What happened to the company? Going the way of Nokia...

Oct 8

Note

Am in receipt of some salty comments. Price action remains very much in an active downtrend as this AI tech bubble nears completion. Price action rapidly approaches market structure at 42, where it will be confirmed as before with the full impact of Thor's hammer.

A dead business dependant on tweets and Nvidia handouts, don't fall for the hype.

3 month


3 week