$INTC down 13 of the last 16 days—absolutely brutal stretch. Down 30% in that window, which is wild even for a name that's been a volatility monster all year.
Chart's oversold, sentiment's washed out. I'm leaning toward a bounce next week—nothing heroic, just a technical relief rally. This isn't a buy-and-hold conviction call, it's a short-term mean reversion setup.
If you're playing it, keep stops tight. Intel's been a falling knife for months, so any bounce could be short-lived. Trade the setup, not the story.
Chart's oversold, sentiment's washed out. I'm leaning toward a bounce next week—nothing heroic, just a technical relief rally. This isn't a buy-and-hold conviction call, it's a short-term mean reversion setup.
If you're playing it, keep stops tight. Intel's been a falling knife for months, so any bounce could be short-lived. Trade the setup, not the story.