Intel Corporation INTC

Shorts, don’t hold over the weekend. Buy to cover and join us (long) riding the natural relief rally that’ll run up to the earnings report.

Just hold and buy more at these levels. Institutions are supporting/defending that 108 level. SKHY is temporarily attracting funds. Once that settles, buyers will be back here. Plus next week $INTC should get a very nice relief rally running up to the ER.

Hope we open up ⬆️

Intel at 24hr after hour
Price 111.54

$INTC. Lots happening. Clear FLOOR in the 112-113 range so far today. If it breaks $113.50 look for a possible push back up 115.50-116.70. This CAN happen. Yesterday, that last few minutes it was rocket up to the close. Let’s hope for more! GLTA

The perfect storm is coming! 🚀🚀

The move to $116.00 breaks past the immediate $115.00 gamma wall. This forces option market makers to buy underlying shares to hedge their short call exposure, accelerating the morning squeeze.

Where are the bears? Crickets. Oh maybe a disgruntled chirp over there. BUY TO COVER or get squeezed out today/tomorrow

Shorts are exhausted (check prior volume). $INTC is oversold. Buy the dippers are coming. Clearing $115 means options will change buying more at higher and putting floors higher than before. Add the incoming capital also expected tomorrow for Korean memory chip maker, and high tide lifts all boats.

Pin this post. The relief rally starts today and will grow into the earnings report.

$INTC. Clearing the $115 technical barrier opens up a run to fill the macro chart gap toward $119.50 today with shorts buying to cover. If clearing $115, this breakout will force option market makers to buy up underlying stock to maintain a neutral delta stance on short call positions.
With the SK Hynix IPO tomorrow, will bring global capital to the entire sector “rising tides will lift all boats”.
Also, $INTC has an average +/- 11% price reaction to the past 4 earnings reports. If it beats, it may go well over $130.
BUY TO COVER now or forced to in a short squeeze.