$INTC TOP 20
Added 2024-10-27 16:32:36 +0000 UTC$INTC reports after the close on Thursday.
The price action has been consolidating sideways here since the end of Sept and is moving comfortably in a bullish wedge.
I don't expect this earnings to be excellent but I believe that if the market thinks the worst is behind it, then they may start to believe that this can be turned around and the bottom is likely in.
I think we are closer to the bottom here than anywhere else, price is also in the Buy Zone too.
The risk here is that this can still retest the bottom line again at $18 but the upside potential is quite large, especially with a break and hold above $24.58.
There is a risk to adding here before earnings but breaking out and holding above $24.58 is your signal to buy and a move up to the 200 Day MA in an impulse manner is likely next to $32.
