Intel Corp. (INTC Stock) announced worse-than-expected quarterly earnings – Crypto News – Crypto News
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Bullish minor zigzag pattern likely to complete final diagonal near 189.11 Bullish minor zigzag pattern likely to complete final diagonal near 189.11

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Intel Corp. (INTC Stock) announced worse-than-expected quarterly earnings – Crypto News

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Today’s instrument is the Intel Corp.’s stock traded on the Nasdaq exchange under the ticker INTC.

Looking at the INTC’s chartswe see that it was last traded at around $30.

Last night it announced much worse than expected quarterly earnings with a forecast of lower sales due to the decreased demand on chips for PCs.

Today we should expect a sharp drop of the price, falling below its first support level which is located at around $28, with a possibility to approach its next support level at around $26.

Today, if it fails to continue that upward trend, then we could expect it to drop towards its support level at around $37, otherwise it should rise towards its resistance level at around $41.50.

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