Intel has updated a five-year low

23 August 2022 314
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Intel shares in July made an attempt to rebound up from five-year lows. Everything was not bad until the quarterly report released on July 28 caused a new collapse with the update of anti-record quotes from 2017.

 

Now the price is dangerously close to the 33-33.5 zone, which in 2016-2017 acted as good support for Intel shares. If the "bears" still manage to push the price even lower, then there are no significant support levels up to the range of 29.5-30.5.

This content is for informational purposes only and is not intended to be investing advice.

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