Verified Investing on $INTC (Oct 30, 2026)

In addition, we've got bad earnings from Intel and Amazon both plunging down on the charts this morning, adding on to the selling pressure that we experienced with Google just the other day.

Next up, more selling guys on Intel. Now, they had weak Q4 guidance. They had flat to lower than Q3 numbers and guys, they are having issues at some of their production facilities over in Israel.

So, abroad. So you can see investors are not liking that guys. Now this is a massive decline. Now let me take the fibs off just for a second just so you can see really where we're coming from.

Now Intel ever since right here in April of this year has been elevated staying in this upper range of this inclining parallel channel trying to maintain look at all the tests that uh occurred at this 50% area of the parallel.

Most recently just the last couple trading days actually got back above trying to give hope to investors that we could start marching right back up. But man, what a rug pull that has occurred.

You see cleanly, we've got a gap fill right here around $66. Let me give you the exact level. $66.78. That's where a lot of investors are going to be at least starting to try to pick up some Intel.

But with this massive decline, guys, over the next several days, I'm seeing Intel spilling and selling a little bit lower. Keep in mind, and think about what I said on what happens with gold and silver declining when these heavy big hitters are declining, too. institutions are under pressure right now.

They likely want to average down, but at the same point, they're likely having to sell some of their other positions in order to average down in some of their uh other longer term holds, maybe much like on Intel.

So, there could still yet be selling pressure as some institutions may not be able to transit or or move some of that money. Usually, when you have a big move after earnings, I like to wait about three to five days. is let those margin calls sort themselves out and then re-evaluate the chart.

See if I want to take it as a long as we could see for selling over the next several days. Next level of support that I'm eyeing beyond this gap fill is on this inclining trend line $60.68 in essence appears to 60 and then we could be talking about the bottom of this parallel around $45 on the chart. maybe much like on Intel.