$INTC TOP 20
Added 2025-04-27 18:24:24 +0000 UTC$INTC EPS greatly beat estimates from its ER this week but gave a concerning guidance due to the ongoing tariff uncertainties and the market reacted poorly to this and the price acton did drop below the blue support line at $19.
Price did manage to hold in the consolidation range as $INTC did announce that they will be reducing their headcount by -20% and this may have cushioned the blow.
Right now I believe that $AMD, $ASML and $DELL are better companies with exposure to this sector right now and I would not be rushing into $INTC while struggling in this consolidation range.
Comments
We need to see strength build now
Gareth Neary
2025-04-28 11:25:57 +0000 UTCLooks like it may have completed the ABC correction here 😉
JK
2025-04-28 09:20:57 +0000 UTC
