INTC - Intel Corporation (NASDAQ)

[MARKETWAVES]

INTEL ..... ,has risen sharply in recent weeks .....

These charts are mainly showing how the underlying support is being born out of the weekly long term charts ,,,,



TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[Garpal Gumnut]

INTEL ..... ,has risen sharply in recent weeks .....

These charts are mainly showing how the underlying support is being born out of the weekly long term charts ,,,,



TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

Sorry its taken me so long to reply @MARKETWAVES

Intel which has been struggling had an important board meeting this week and the CEO announced aftermarket a number of significant changes .... a continuation of workforce layoffs, a 2 year delay on new factories in Europe and a dedicated board for their chip manufacturing business.

A video in the ft.com stated that Taiwan presently manufactures 92% and S.Korea 8% of all chips smaller than 7 nanometers worldwide. USA practically nil. With billions in subsidies $50bn + now available INTC is keen to move quickly and has formed a joint manufacturing program with Amazon's AWS.

Exciting times. The stock is up 8% after hours and nearly back to where it was at when you posted.

gg