The Long Investor
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$INTC TOP 20
🕑 Added 2025-01-20 10:58:12 +0000 UTC$INTC jumped +9% on Friday as they toyed with the words Quantum computing with the market and it responded very positively but we can see this also happened after a test of the blue support line, which is the 4th test since August.
I have shared the weekly chart here to show just how much lower the price action is below the 200 WMA right now, so it is nearly a +100% gain to return to this MA.
I believe the price can consolidate sideways until a number of earnings but a break and hold above $24 and this can return to its 200 WMA at $38.
