$MBLY
Added 2024-09-06 10:37:17 +0000 UTCFor anyone who has bought into this, in spite of my calls to steer clear of this, I have added in potential support lines to help guide you out of this mess
$INTC has said that they are looking at reducing their entire position in $MBLY, they own 90% of this company
They are likely doing this to consolidate their own books and not directly linked to how bad $MBLY is, to be fair.
$MBLY still has a market cap of $10 Billion on reducing margins of revenue, earnings and FCF.
The 1 Fib has been lost in the PM now but if buyers step in at hold $12.20 this will be positive, otherwise, the next support level is at $6.52.
Comments
had to eat my popcorn yesterday once we had another emotional breakdown from a very emotional it, thank you for keeping the basis technical and classy yesterday. no emotion over here, just fundamentals
dmumf47
2024-09-06 13:42:56 +0000 UTCDisaster
Marty Austin
2024-09-06 13:38:08 +0000 UTC
