Technical Rebound in the short term?
Premise: The US will enter a recession so the behavior of stocks may not follow the fundamentals. Many funds may have to liquidate positions to have liquidity.
INTEL: The "Book Value" is around $26.5
The Blue flags indicate strong support tested several times over the years between $18.6 and $20.40. The Red flags indicate a strong resistance to the same values.
If there are no "black swans", given the situation of strong oversold near a support band that was tested several times, a technical rebound of around 20% is likely.
INTEL: The "Book Value" is around $26.5
The Blue flags indicate strong support tested several times over the years between $18.6 and $20.40. The Red flags indicate a strong resistance to the same values.
If there are no "black swans", given the situation of strong oversold near a support band that was tested several times, a technical rebound of around 20% is likely.
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