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INTC is Rebounding from Key Support Zone

Written By: ChartChamp

November 4, 2024

INTC has experienced a lot of bad news over the past few weeks, and has reached a key yellow support zone. This is an important level for INTC bulls to defend, and there is a rebound already forming. Right now the current rumors is that INTC could receive a bailout by the US government so I think there’s still hope for a recovery. I would closely follow the news. For now there are other dominant competitors in the semiconductor sector and Intel is struggling to compete due to lack of innovation.

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