Go to your weekly chart here... Now place your 20sma on the chart; you'll notice INTC never closed beneath that weekly 20 since spring of 2023.. last 3 straight weeks Intc has tagged its 20 including today.. If it closes below 42.50 then the next target is 40.00 or trendline support.
Looks like a H&S to me with a target pf 30-35$.
But the trendline support at 40 must be respected 1st.
Overall im bearish on INTC
Looks like a H&S to me with a target pf 30-35$.
But the trendline support at 40 must be respected 1st.
Overall im bearish on INTC