Two weeks ago: 94. Now: 54. A lot of people probably "bought the dip" on Intel in the 70s, right?
Chips sold off across the board last night, and Intel dropped 5% along with them, with perpetual futures hitting a low of 50.45. The nonfarm payrolls report comes out tonight at 21:30, and I’m not willing to make a move before the data.
My take: Even if 50.5 holds, that only means the decline has stalled. There’s a wall of people trapped near 60, so I won’t call it a reversal until it gets back above 60 and holds. If it breaks below 50.5, I’ll take another look—but I won’t buy in.
Are you waiting to see what happens after the nonfarm payrolls report, or have you already placed a limit order around 50?
#美股 #英特尔 #USStocksFaceWorstSelloffSince2020
$INTC $NVDA
Just my personal observations, not investment advice
Chips sold off across the board last night, and Intel dropped 5% along with them, with perpetual futures hitting a low of 50.45. The nonfarm payrolls report comes out tonight at 21:30, and I’m not willing to make a move before the data.
My take: Even if 50.5 holds, that only means the decline has stalled. There’s a wall of people trapped near 60, so I won’t call it a reversal until it gets back above 60 and holds. If it breaks below 50.5, I’ll take another look—but I won’t buy in.
Are you waiting to see what happens after the nonfarm payrolls report, or have you already placed a limit order around 50?
#美股 #英特尔 #USStocksFaceWorstSelloffSince2020
$INTC $NVDA
Just my personal observations, not investment advice
