Currently, $Intel(INTC.US) has reached the seventh bar of the low-nine structure on the daily K-chart. Regardless of whether this low-nine signal ultimately proves valid, it is recommended to observe more and act less at this stage. Looking at the weekly K-chart, the golden retracement shows support near 42.5. First, see if this level holds as effective support. Secondly, pay attention to the MA100 moving average. If this level is breached, then cut losses and exit immediately to prevent the trend from deteriorating completely.
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