$INTC TOP 20
Added 2024-03-17 10:30:06 +0000 UTCThere were mixed reports coming from $INTC this week....there is a suggested that they will not receive the $12 Billion grant from the US administration for expanding operations in the US but at the same time, Biden is expected to be present at the new opening of a facility in Arizona next week.
This would be an odd set up if $INTC did not receive the grant.
The price action has been reflecting this uncertainty, with a number of wild swings above the blue line at $42.
We can see between May - November '23 that $INTC tested the yellow line 5 times at $37 before breaking out....likewise, $INTC has tested its blue line at $42 4 times now. A break of this level will mean that $INTC is into its ABC correction but a bounce again and Wave 5 is still active.
