I LOVE This Chart!
Remember the movie “Wall Street”? “Blue Horsehoe Loves Annacott Steel.” Well, I don’t have any info from any insiders or anyone else. Just my analytical, connecting of dots, and the chart.
Does anyone think, that despite their previous bad moves, Intel is going out of business? Their plan to change their business isn’t going to put them back on top, but they will survive and prosper.
Even if Nvidia doesn’t buy them, someone is accumulating the stock. Maybe someone is going to take a big position or private equity buys them out. I don’t know, but the chart tells me, at the least, those gaps at 35, 44 and 49 are going to get filled, sooner or later. (This isn’t investment advice, just my opinion.)