Verified Investing on $INTC (Oct 30, 2026)

Let's take a look at Intel first. They announced their profits and were truly crushed . They have fallen by 30% so far since yesterday's close , and now we are seeing a slight rebound.

The stock is currently down 28%, but what levels are you watching? There is a pivot point on August 1, 2000 at 75.81, and we have jumped down below that level. In addition to the two pivot points at 69 and 68, where we also jumped down below them.

So, firstly, these two levels that we fell below will become a major resistance if we push the price upwards. The 69-68 level is what is limiting the price movement here. Then the high pivot point of 2000 at 75, these two levels will now act as resistance for Intel's return to the uptrend.

I know this looks like a big gap in the graph. That's why we need to zoom out, look at the bigger picture, and see where the recent price action found support.

Now that we have looked at these two resistance levels, where will Intel find some support? Well, it found some support during the day when this gap was filled, and the price dropped, but it has since bounced back.

The next major level will be at 62.08 if Intel continues to fall. Yes, and it also coincides with this trend line. So, let's look at this trend line where I established it from this long green candle on February 14, 2025 .

We are going through a price action here where the price is rejected on every attempt, then we push over it, but we fall back down again. Once again, we try to push upwards, but we are stopped, and now the price is still respecting this trend line.

Now, here, we have begun to give in to the ascent and move upwards really. Now, we haven't returned to this trend line since April 2026. Therefore, this trend line has enjoyed a long period of support.

So, would you like to enter before this support level and try to pick up the falling knife here? We have not yet proven our ability to overcome these two levels of swing resistance.

I will wait until the price drops to the 60-62 area, where we can test this pivot support, which also aligns with these pivot peaks on zoom, as well as this trend line that converges here.

This is where I'm looking to Intel for support, and those are the two resistance levels we have now in the uptrend.