FX.co ★ sudheerkumar | Don't panic - buy stocks!

INTC - Retesting the $100 Decision Zone?

Intel (INTC) is currently pulling back toward a major support confluence after its recent bullish rally. Price is now retesting a key decision zone, formed by the intersection of: • The $100 round number. • The previous daily low marked in blue. As long as this confluence holds as support, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend. However, if sellers manage to break this support decisively, bearish pressure would likely increase, exposing the next major demand zone around $70 marked in red. As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions. Will buyers defend the $100 support zone and resume the uptrend? :(