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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (18095)	2/27/2024 11:24:51 AM
From: Kirk ©	Respond to of 26856

INTC hourly chart Looks like Intel is doing well even as TV pundits....

To: Kirk © who wrote (18095)	2/27/2024 7:59:11 PM
From: Sun Tzu	1 Recommendation Recommended By Kirk © Read Replies (2) \| Respond to of 26856

Intel has politics to prop it up. And as it says on my twitter profile, with sufficient thrust pigs fly just fine. So yes, given the amount of money they are going to take in from the government and other influences, INTC should do well...not that SK doesn't prop up Samsung. They do. I'm just not keen on this way of building companies. Back in January, on twitter I predicted that INTC will hit 41ish and pause. Then if the support caves in, it will go to mid 30s. That was a 30% decline then. It hit 41.60. You want to make sure that holds before you buy. Or you can buy and put a stop with a 41 handle. The chart is ambiguous with a negative bias.