Well to be honest I have lost a trade with
INTC
backed in March 2024 when I thought it was a bullish trade.
However, looking at the weekly chart now, INTC have experienced a significant dropped and is now trading below its intrinsic value.
Though INTC have been losing its competitive advantage and moat, I have taken a swing trade on this setup as I believe it will be having a reversal soon. I do not believe in holding INTC for the long terms but it is definitely tempting to swing trade it for the short term.
However, looking at the weekly chart now, INTC have experienced a significant dropped and is now trading below its intrinsic value.
Though INTC have been losing its competitive advantage and moat, I have taken a swing trade on this setup as I believe it will be having a reversal soon. I do not believe in holding INTC for the long terms but it is definitely tempting to swing trade it for the short term.