The Long Investor
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$INTC TOP 20
🕑 Added 2025-05-04 18:33:01 +0000 UTC$INTC reported this week and although it was a double beat (EPS beat by +1813%) there was still concerns about their future and they also reported that they are reducing their head count by -20%
Price has still held above the 0.887 Fib and blue support line at $18.30 too and finished the week at $20.60.
I believe that the price will consolidate for another while for at least a few months before taking a direction.
Wave C could be compete here however but they just do not have the chips to rival other Semi's right now, which would not entice me to take advantage of their decline.
$NKE and $PFE look stronger.
