I think $INTC is in a good position here to hold support at $42 and move higher next to complete Wave 5.
I do not think the hype is done yet towards AI and Semi's just yet and we can see on the $TSM chart that those Semi companies that have lagged behind $NVDA and $SMCI will likely catch up next.
Price is holding the blue line which it did in Dec '23 too before it went on a rally.
I think there is an opportunity here.
Josh Stevens
2024-02-11 19:05:46 +0000 UTC