Intel Exhausted

Intel shares have tripled since August, but technical signals suggest the rally is hitting a wall at a broken trendline.

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Source: DepositPhotos

The semiconductor stalwart Intel (INTC) has had an amazing increase in price since last August, more than tripling in price. I would like to humbly point out, however, that the price ascent is doing a beautiful tag of the broken trendline, much like it did in December 2023...preceding a long slog lower.

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