$INTC TOP 20
Added 2024-06-30 18:49:54 +0000 UTC$INTC we spoke about during the week that it was must be said that the price action has held the 0.78 Fib very well at $30 for the last 8 weeks and the price action is testing the 50 Day MA now....$INTC has fallen out of favour in the Semi sector but there is no denying its long term capabilities.
A break above the 50 Day MA at $31.30 would signal a change in trend and we could easily see a relief bounce here, with the 0.618 Fib the next target at $34.95.
Comments
What larger wave would this be in if the red 5 wave count down is in play? Can’t have 5 waves up then 5 waves down, so just curious how that would alter the much larger count
Byron Tanigawa
2024-07-01 06:00:22 +0000 UTC
