I think the CEO resigning effective immediately is good news but caught the market off guard and the market hates missing an opportunity.
So there was a pump and dump today after the news and we can see on the chart that it is a simple retest of the the 50 Day MA but still below the $24 support level.
Impulse wave still looks good if $INTC can hold above $24 and breakout next above this bullish channel at $25.10
The 200 Day MA would be the next target at $30.
Daniel
2024-12-05 18:54:52 +0000 UTC