$INTC TOP 20
Added 2023-05-07 13:23:06 +0000 UTCWorking its way through what appears to be Wave 2 in amber, bounced at the 0.38 Fib, pulled back and bouncing again, which brings 3 ABC waves to the Wave 2 point.
What I am watching is the 50 Day MA approaching the 200 Day MA, a flip here is a bullish indication, but what will be important to watch for is if it stays above the 200 Day MA and it is not a fake break out. Otherwise, everything is the same here as the previous update.
So What Now?
Analysts have not been particularly kind with their 12 month price targets and have not left a lot of room for much upside, which coincides with our chart too. For me, I will continue to wait for a more favourable price before entering, the buy zone remains the target.
