The Long Investor
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$INTC TOP 20
🕑 Added 2025-02-23 19:15:13 +0000 UTC$INTC has been performing very well after Trump directs some sanctions towards Taiwan and a way to mitigate around this would be to use $INTC to produce these chips and the market appears bullish on this news.
Price has broken above the blue lined range which has been in place since August, this has also been a consolidation period in the past too.
We can see that the price finished the week retesting the breakout level at
$24, which was also the 200 Day MA.
A hold above this blue line and subwave 5 is next to $32.
This should allow an ABC pull back next to complete above the blue line too.
Signaling a major reversal signal for $INTC.
