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INTEL CORPINTEL CORPINTEL CORP

INTEL CORP

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INTC trade ideas

INTC - Buy the Dip (Pt. 2)INTC like other growth stocks has retreated post US election turmoil and news on a Covid-19 vaccine. I see this as part of a wider selling of "stay at home stocks" vs. more value based names. Currently INTC is testing the March 2020 lows after gaping lower 2x on the past two earnings releases and is now trading well below its 200 and 50 EMA's. On a long term basis the low to mid $40 levels have proven to be a strong support in the past and has attracted buyers on each occasion. YTD the stock is down roughly 21% From a fundamental and relative valuation perspective the stock is accredited with a BUY rating by most analysts with a 12-months price target consensus at $52.90. The stock trades at a significantly lower forward PE of 8.9 than its peers with an avg. of 27.1, but with a higher dividend yield (2.9% vs. 1.8%). In comparison INTC's fundamentals remain promising in my view, even with competitors such as AMD catching up. Technicals Recently bounced off long term support level near $43 Formation of a short-term wedge since mid-October Positive MACD crossover point is forming Short term resistance around $47 (post earnings gap) and $49 (July 2020 low) I will looking be to enter the stock around current levels given the technicals above confirm a breakout of the wedge. Stop loss just below lower wedge line.
NASDAQ:INTCLong
by SLRK
intc weekly for naorzthe green line will be first support if the current double bottom fails. the green line is very weak, there are not many price pivots supporting from underneath compared with the strength of the black line. the blue line is strong too. these are either months to a year away or indicating another crash scenario like march. the chart is setting up as lower highs and lower lows. intc is in a bear market. you want to catch the bear market rallies and stand aside at resistance levels or short it. earnings releases are more likely to be negative for a while going forward until/unless they reinvent themselves. another way to look at this is: any good rally from here simply adds a right shoulder to an ugly potential pattern. use the current price red dotted line as a neckline and what pattern do you see? im not a big fan of that pattern playing out, but its a warning and it certainly could. the target would be one of either the black or the blue line, so more signs pointing downward, not upward.
NASDAQ:INTC
by sunriselmi