Tech earnings season: How will it reshape the industry landscape?
4HR chart bubbling ð«§
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Intel beat earnings, but weak guidance triggered a sharp repricing, dumping the stock nearly $13 from the $55 highs into the $42 area. This wasnât panic, more along the lines of expectations resetting.
Price is now stabilizing around $42â44, a key demand zone after the gap. Parabolic SAR has flipped back bullish short term, suggesting the selloff is cooling, but momentum is still stretched so chop is likely.
This is a gap-repair setup, not a breakout. Hold support and you can see a push back toward the $50+.
Lose it and the market reassesses again.
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