$INTC is also showing movements like $NKE, DIS, $ABNB etc but is slightly behind, we only have one bounce so far, so likely still in Subwave 1 since finding support at $18.
The price is above the 50 Day MA so we will see if support can holding above $24 next
When I see a small pull back I can add the fib support levels we can expect for a higher low next for Subwave 2.
Lars Henning
2024-09-29 14:42:51 +0000 UTC