INTC is bearish after an earnings drop; the 296 gap fill is a key support level that may be tested.
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next up we have into it here. In it falling on earnings today. Take a look at this drop again. A nasty fall. Got a big bounce and it's kind of been chopping around. It did get as low as about $300 yesterday after hours.
Now, if we look at the chart, the chart had been grinding up for quite some time, now taking a beating. There is one level I'll be watching today which is right around this 296 gap fill.
That should be a key technical level. That would also be a pierce of yesterday's after hours low and a pierce of the 300 even number. Plus, it's also a Fibonacci retrace zone and gap fill.
So 296 is kind of what I'm eyeing on this. We'll see if it flushes. Uh it's definitely a possibility this could easily get down there intraday.
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