$INTC TOP 20
Added 2023-05-14 19:55:28 +0000 UTCI continue to be happy with what I see here, it got heavily rejected at the 0.887 Fib and we have seen a lot lately that other stocks are finding support at the 0.887 Fib, so it is not a surprise to see this Fib level as resistance level too lately.
It has lost the 200 and 50 Day MA now and both the MACD and RSI are showing a downward trend with still a bit more to go too.
So I have added in the green Fib levels, incase the price holds support at these levels and the structure is an impulse wave.....we will be ready for all eventualities.
So What Now?
The chart as shown continues to be the plan, $4's away from the buy zone here and $INTC is more aligned with $NVDA and not $AMD right now, we know a pull back is due for $NVDA, we just do not know when it will come.
I will continue to wait here until the buy zone is hit.
