$INTC Update


There is a major catalyst brewing in the background.
Reports indicate that both $GOOGL and $NVDA are looking at $INTC as a backup foundry for their chips.
Looking at the 4H chart, $INTC is trading around 110.30, taking a breather after the recent run-up.
This pullback did exactly what it needed to do: it flushed the RSI out of overbought territory down to a neutral 49.
I am closely watching this consolidation zone.
The technical momentum is completely reset, and the fundamentals just got a huge boost.
I just need to see price build a new base and confirm a higher low before looking at continuation setups.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned