Verified Investing on $INTC (Oct 29, 2026)
Intel fell sharply to $71 and has recovered about 10% to $77, bouncing off support at its dot-com-bubble peak. More selling pressure is possible, but support around $68–$69 (pivot points, 618 Fibonacci retracement, gap fills) is likely to hold and produce a near-term bounce.
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Intel, however, has taken a hit and continues to decline.
Okay, next is Intel stock. Another sharp drop on Intel's chart. This chart, as you can see, is now trading at $77, but guys, it was lower than that as we can see here. Look at this, it reached $71 on the chart.
A significant drop and a good recovery of approximately 10% so far from that low level.
If you go back in this chart, Jake was just showing me, and Jake is one of our professional traders here. He focuses on the options, but he would show me and say, "Drew, look at this."
This gets support here at the peak levels of the dot-com bubble. And that's exactly what happened. The price would return directly to that level, find support, and then bounce back.
Now, tomorrow and in the coming days, you can see if Intel will face greater selling pressure. We have these pivot points here around $68 and $69 that are likely to provide a support zone and a possible bounce in the near term.
This also falls within the 618 Fibonacci retracement range and those gaps that are being filled on the chart. So, we have plenty of support down here if Intel's price can drop to the 618% Fibonacci retracement level.
Notice where the Fibonacci retracement sequence started from its lows on August 25th to its highs on June 26th.
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Verified Investing has 13 calls on this stock; only the adjacent ones are shown.