INTC - Waiting for Take Off?

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INTC is inside the Waiting Room for Bullish Action

Current Idea: Neutral

Important Price Point:
Current Stop Loss: $ 29.29
Lowest Support: $ 24.87
Resistance: $ 33.84
1st Price Target: $ 36.60
2nd Price Target: $ 46.54
3rd Price Target: $ 53.13

OVERALL VIEW:
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Scenarios:
The Price Gap of $30.93 - $31.10 has been a fortress lasting 7 months.
A breakout occurs on W4 March 2023 until the last swing high at $33.84.
A short-term correction was stopped by Earning Reports last Thursday.
A new price gap occurs between $ 29.95 - $ 30.81.

Pay attention to the $ 29.29 - $ 29.95 area for the current best entry level.
$ 29.29 is coming from the Weekly Conversion and Base Line (Ichimoku Cloud) value which holding on as support since 20 March 2023.
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Weekly Ichimoku Cloud is still in a bearish bias, but the daily has been in and out - above and below the cloud consolidating.
I believe accumulation is in progress right now.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.