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$Intel (INTC.US)$ pains me to say this but Intel's broken al...

$Intel(INTC.US)$ pains me to say this but Intel's broken all resistance on daily charting and on a weekly charting 35.30 is the only level of resistance that it's going to experience.
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  • 28282828 : If fomo comes this will break all time high. Then the narrative will change. In the end people write what they want.

  • 10baggerbamm OP 28282828 : I'm not a fan of Intel I've made my opinion abundantly clear because half of their business is not going to generate profits for about four plus years which is their Fab facilities and the location in California presents another problem it must be built by 51% women and the hiring practices/salaries that will be paid or all going to be d e i driven it's a disaster in the making in my opinion. the CEO his actions have resulted in a 50% loss to shareholder equity since he's been at the helm actions speak louder than words he's been a train wreck.. all that being said sectors rotate and contrarians buy stock that are out of favor that have done nothing looking for a good news and money chases velocity and money chases momentum so if it continuously trends up when he's going to continuously flow into it so that's why I said daily charting there is no resistance at this point weekly is $35.30 is it's next stop and beyond that is a huge ceiling above it

  • 28282828 10baggerbamm OP : My point is the truth doesn’t matter. If tomorrow they decided they want talk to about all the good things, the narrative will change.

  • 10baggerbamm OP 28282828 : the Democrats lie all the time so gelsinger can take his cue from them.. the fundamentals and the problems with Intel are still black and white this is nothing but a sector rotation taking place where people are looking at what has not moved yet that's all this is. and this is based off of you now have a 78% chance of a rate cut in September and we have three bits of economic data this week that are crucial it'll wipe out a week's worth of gaines if not more if they take a step in the wrong direction if alternatively they are favorable showing the continual slowdown in the economy the rally will continue on and Intel will push higher No doubt

35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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