Intel (INTC) looks interesting on the latest dip to $43.50.
After catching support dating back to December, the tech giant is also starting to pivot higher from over-extensions on RSI, MACD, and Williams’ %R. From its current price of $43.50, we’d like to see INTC initially refill its bearish gap around $50. Then, if it can break above strong resistance around $51.13, we’d eventually like to see it refill its 2021 gap, too.
Helping, INTC is in talks to receive $10 billion in Chips Act incentives from the Biden Administration. “The WSJ said at the time the subsidies were expected to be announced before Biden’s State of the Union speech on March 7, though a separate Bloomberg report indicated the timing may be the end of March,” as noted by Seeking Alpha.
Morgan Stanley also recently raised its price target on INTC to $48 from $39.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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