Semiconductors have been leading the bull market since 2022 and now we're seeing a blowoff top. Intel joined the party little late but has been on an absolute parabolic move up. Nothing goes up forever and since it's overbought to levels rarely ever seen in the history of the stock, it's worth taking a short setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.