$INTC TOP 20
Added 2024-05-05 18:49:03 +0000 UTC$INTC remains in the same camp as $AMD, it has taken a big hit since December, in line with the timing of $AAPL's decline but has certainly fallen harder.
For $INTC now, even the bullish or bearish scenario has a relief bounce next and there is a possibility of a bounce for $34 next, same goes for $AMD as it continues to hold above its $144 level and 200 Day MA.
I have highlighted the death cross here, something we haven't seen in awhile on charts and this happened on Friday and was quite obvious, considering how far this has fallen and already down to the 0.78 Fib.
$INTC is still in a good position to prepare for long term and they continue to expand......I believe they can catch up but do not expect quick returns here.
