$INTC TOP 20
Added 2023-09-24 19:27:07 +0000 UTCThis weeks fake out was probably the worse fake out I have seen this year, the second worse one was also from $INTC in April.
We have not been convinced of $INTC's ability all year and the moment we think it has turned a corner, the moment it behaves exactly as $INTC always does.
We can see in June, July and Sept that $INTC rejected at the trendline at $37 but when it finally broke above 2 weeks ago, it needed to test the trend line from above and hold, $INTC was unsuccessful with this test and broke down heavy.
Also losing the 50 Day MA and now about to test the ascending triangle trend line again.
This is why $INTC is not one of our Semi picks like $AMD or $TSM, the chart consistently shows weakness and poor structure, something I do not like, $AMD is far more consistent.
