Intel faces resistance and weakening sentiment; caution advised for buyers.
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Next, let's move on to "Intel". Now, Intel, hmmm, interesting. Isn't that so? That upward momentum came on September 10, and it reached directly into this "demand block" area, directly into this "demand block" area.
This is an area for buyers who are stuck , and they have certainly sold once they reach that point. So, just a fair warning here.
This may be six out of nine, but there are definitely people willing to sell at the top of Intel here. It has actually stopped rising based on the greed index. I know it's hard to know, but one way you can look at it is to continue from here.
We can actually see that the fear and greed index moved from 8038 on Thursday to 8032 on Friday. Usually, when this starts to reverse direction, it's not necessarily a good sign.
So, if you're going to take the plunge and invest in Intel, just know that you have some resistance up here, and that the greed indicator is starting to run out. It is declining very slightly.
So, keep this in mind. Let's move on to Intel, and give it a rating of 6 out of 9.
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Christopher Uhl - OVTLYR has 3 calls on this stock; only the adjacent ones are shown.