$INTC TOP 20
Added 2024-05-12 18:45:12 +0000 UTCContinues to feel the pressure and is desperate to hold onto its 0.78 Fib but it is looking weak.
RSI however is showing the strength is deep in the red oversold territory so a relief bounce would be expected here next.
Moving averages further confirm the trend here is bearish.
A bounce to the 0.618 Fib would be expected for both the bull and bear case moves here but I would need to see some impulse action before considering a position here.....$AMD and $TSM look stronger right now.
