the chart shows a possible scenario if INTC can maintain the gains it made this week, getting into a new range - big part of that depends on what happen at the open next Monday - so far we see this move above the $63.5 has some demand & positive sentiment behind it, which sends an optimistic signal that it may hold to that new range.
the problem with INTC is it's too heavy to move and the stock is not seen as "exciting" any more.. but that's not totally bad for value investors who are in for the long game.
the $68 mark represents a 7% to 8% from the lows of this new range - let's keep in mind, the $68 is the pre-COVID range and the prior ATH, which most other tech stocks are already coming back to.
the problem with INTC is it's too heavy to move and the stock is not seen as "exciting" any more.. but that's not totally bad for value investors who are in for the long game.
the $68 mark represents a 7% to 8% from the lows of this new range - let's keep in mind, the $68 is the pre-COVID range and the prior ATH, which most other tech stocks are already coming back to.
