NervousTrading

Interesting week for $INTC. To gap fill? Or not to gap fill?

NASDAQ:INTC   Intel Corporation
Intel got domped on earnings leading to a nice gap down that has yet to be filled. Like clockwork, buyers stepped in once prices reached the 200 daily moving average @ $54 driving the share price higher.

The volume profile is showing a lot of shares were traded at around $57 per share, thereby forming a nice base, or support, now that price is peeking above it.

There is a low volume node at around $58. 40 and price is also approaching the 55 exponential moving average . Therefore, should buyers lose interest it would be around that price. If price moves past the $58. 40 area with ease, I am confident $INTC will be able to fill the gap completely and move towards the $64 market.