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Trader Journals:::2026-07-09T10:42:05

Don't panic - buy stocks!

INTC - Retesting the $100 Decision Zone?

Don't panic - buy stocks!

Intel (INTC) is currently pulling back toward a major support confluence after its recent bullish rally. Price is now retesting a key decision zone, formed by the intersection of: • The $100 round number. • The previous daily low marked in blue. As long as this confluence holds as support, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend. However, if sellers manage to break this support decisively, bearish pressure would likely increase, exposing the next major demand zone around $70 marked in red. As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions. Will buyers defend the $100 support zone and resume the uptrend? :(
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