INTEL developed a new kind of quantum chip - that's where to position Long

Intel Corp. the world's largest semiconductor manufacturer, said it has presented a test quantum chip to a research partner. The chip is expected to demonstrate exceptional speed, in theory capable of delivering several times more computing power than the fastest chips known on the market.

Quantum chips have long been highlighted as a next step in the evolution of computer processors. This type of chips is expected to serve software capable of simulating and understanding phenomena in the natural world and providing the basis for systems that can not be hacked. The only problem with the release of such a mass-selling chip is the need for it to operate at extremely low temperatures - about 250 times lower than in space (-455 degrees Celsius).

What is happening with the company's shares, which is on the brink of a revolutionary discovery and where to position ourselves with long positions?

Technically, the price is in a strong upward trend, and in the last minutes of trading on Tuesday, it forms a swallowing bar on Daily Graphics. This suggests that a correction is possible that will give us a good opportunity to buy. In the long run, the price has once surpassed the $ 38.30 level, which was a problem since the end of 2014. The first convenient buy-in levels will be there with Stop Loss at $37.80

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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