Intel Corporation Aiming For 2020 Highs
Intel Corporation (INTC) can be trading in a bullish impulse, up from 2008.
We can see completed legs (1), (2), and (3), meaning price activity since the beginning of 2020 can belong to a corrective wave (4). We see sub-wave C of (4) underway, which can look for support at former swing lows, and at Fib. ratio of 50.0 (43.7/42.4 level).
Intel Corporation, weekly
(Click on image to enlarge)
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Of course Intel is rising. They have been doing that since 1980.