Intel got domped on earnings leading to a nice gap down that has yet to be filled. Like clockwork, buyers stepped in once prices reached the 200 daily moving average @ $54 driving the share price higher.
The volume profile is showing a lot of shares were traded at around $57 per share, thereby forming a nice base, or support, now that price is peeking above it.
There is a low volume node at around $58.40 and price is also approaching the 55 exponential moving average. Therefore, should buyers lose interest it would be around that price. If price moves past the $58.40 area with ease, I am confident
INTC will be able to fill the gap completely and move towards the $64 market.
The volume profile is showing a lot of shares were traded at around $57 per share, thereby forming a nice base, or support, now that price is peeking above it.
There is a low volume node at around $58.40 and price is also approaching the 55 exponential moving average. Therefore, should buyers lose interest it would be around that price. If price moves past the $58.40 area with ease, I am confident
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