Week 35 of 52 | INTC: Back at $85—Now What?

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Week 35 of 52 | INTC: Back at $85—Now What?Intel CorporationBATS:INTCRobert_V12Back in Week 18, INTC was trading around $85 after a massive breakout. At the time, I marked $65–$70 as the zone I wanted to see tested. That pullback never happened. Instead, INTC kept running and eventually reached $142. Anyone chasing near the top has now watched most of that move disappear. Today, the stock is back around $85–$90, and this area matters again. If buyers defend it, the first level I want to see reclaimed is $100–$105. Getting back above that zone would be an early sign that the correction is losing momentum. If $85 fails, I’ll be watching $75–$80 next. Below that, the original breakout zone around $65–$70 comes back into play. The rally was real, but so is the correction. Right now, I’m not interested in guessing the bottom. I want to see whether buyers actually show up here. Levels I’m watching: → $100–$105: First reclaim zone → $85–$90: Current decision zone → $75–$80: Intermediate support → $65–$70: Major breakout support Not financial advice. Always do your own research and manage your risk.