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Big Chip Gets Hit: Here's Where I'll Buy

Published 01/10/2018, 03:11 PM
Updated 05/14/2017, 06:45 AM

Shares of Intel (NASDAQ:INTC) continue to move lower on reports of chip vulnerabilities. The stock is now hammering on last week's lows and will likely break.

Buy Before The Bounce

And that's good news for investors and traders like myself who want to buy Intel at the $41.35 gap-fill chart level for a technical swing-trade bounce. It will likely hit this level within days and be a great day trade and swing-trade bounce. Note, I am not even going close to Intel Corporation (NASDAQ:INTC) as an investment, just as a day and swing trade.

Intel Corporation

Latest comments

let go all puts today made good change I seen charts 41.50 probably will hit but look maybe not so fast 44.80 all the way to 41.50 .so I expect small bounce this why let go puts and took calls trade inside the trade.looks scary now but hope tommorow small bounce and continue down .if goes green not sure about down at all
probably a good call by only columnist that makes calls and stands by them. at 41.50 as gareth says, intc is solid footing. plus, the dividend of almost 2.5%. what's not to like.
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