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INTC Neutral With $30 Support

INTC has been trading sideways for approximately 2 months, and has been building support at $30. I just don’t see any hype or interest surrounding INTC even with these low prices. The seasonality isn’t very favorable for INTC either. For those who are bullish on INTC, I would put a SL under the $30 support around $29.50 just in case if the price starts to break down. The next key support level is the white trendline at $24.88 if INTC manages to break down.

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