Intel Corporation
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The key question is whether the price can rise above the downtrend line (1).
If it falls, the support level is:
1st: 33.32-34.25
2nd: 28.93
tradingview.com/x/fVNoE508/

INTC has decisively broken below $40 support, confirming Wave 5 truncation and the start of a deeper ABC correction. The sharp decline (now ~$37.81, -4.3% today) on neutral-to-increasing volume, combined with MACD dead cross and RSI rapidly falling below 50, signals strong bearish momentum.
Short-term outlook:
- Primary targets: $35-36 (61.8% retracement, high probability) with extension risk to $33 (November low retest).
- Any relief rally (B-wave) likely capped at $39-40 (weak rebound, 38.2% retracement).
- Bullish reversal only on a strong volume reclaim above $40.50 (low probability near-term).
Bias remains bearish until oversold conditions emerge near $35. Monitor Q4 earnings guidance (Jan) for potential swing low. Position sizing conservative—cash preservation key.
Idea: INTC: UPDATED- Wave 5 Truncate…
Rumors of a partnership are indeed developing, but without official confirmation and with a very long horizon
Key caveat: this only applies to manufacturing (fabrication), not design. Apple will continue to design chips, and Intel will become a manufacturer alongside TSMC.
The report clearly reveals systemic problems
Intel Foundry—a budget hole.
Most probable downside targets ahead:
• $38 (50% retracement, 70% probability)
Only bullish reversal condition: Next Monday (12/15) must reclaim and close firmly above $40.50 on strong volume; otherwise, further downside is expected.