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$INTC Update
There is a major catalyst brewing in the background.
Reports indicate that both $GOOGL and $NVDA are looking at $INTC as a backup foundry for their chips.
Looking at the 4H chart, $INTC is trading around 110.30, taking a breather after the recent run-up.
This pullback did exactly what it needed to do: it flushed the RSI out of overbought territory down to a neutral 49.
I am closely watching this consolidation zone.
The technical momentum is completely reset, and the fundamentals just got a huge boost.
I just need to see price build a new base and confirm a higher low before looking at continuation setups.