Intel (INTC) smashed through its long forgotten August 2000 All Time High (ATH), hitting out $69.00 long-term Target that we set 3 months ago (January 26, see chart below) much earlier than expected, after stronger-than-expected quarterly results and upbeat outlook driven by rising demand for AI-focused data center chips:
So the obvious question now is: 'What's next?'
Well based on the 17-year Bullish Megaphone since the 2008 U.S. Housing Crisis, it can rise as high as $110.00, which is just below the 1.382 Fibonacci extension as it did on the 2014 rally, before correcting back below the 1.0 Fib, finding Support on its 1M MA50 (blue trend-line) just above the 0.786 Fib. Even though it's quite long-term to project, but we expect that to be around $57.00.
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So the obvious question now is: 'What's next?'
Well based on the 17-year Bullish Megaphone since the 2008 U.S. Housing Crisis, it can rise as high as $110.00, which is just below the 1.382 Fibonacci extension as it did on the 2014 rally, before correcting back below the 1.0 Fib, finding Support on its 1M MA50 (blue trend-line) just above the 0.786 Fib. Even though it's quite long-term to project, but we expect that to be around $57.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.