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INTC Update – There are Better Market Opportunities

INTC had a strong selloff last week, which aligns with INTC’s bearish seasonality trend in April. TrendSpider’s seasonality index suggests that the next few months are neutral or slightly bearish. October and November are the seasonally bullish months to monitor. However, I wanted to post this update for those who have been asking about INTC after yesterday’s selloff. I think there is support building up at this green trendline around $31. I don’t think it’s a bad idea to buy at this support level, but I think there are other better opportunities in the market right now.

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