$INTC have just released their earnings and although it was a beat, their guidance is not in line with what the street expected and the share price is down -7% in AH right now.
This brings the price action exactly down to the 50 Day MA and incredibly close to our Wave C target to complete Wave 4.....a hold here tomorrow and the price can move higher to our Wave 5 target....only when the blue line at $42 is lost would this be a breakdown of structure for me.
Watch for a hold of support here if you have been waiting to add or start a position.