The chart I am publishing here is a short term one. For long Term investment I believe it is 100% buy.
The price is at resistance zone. Most probably it will break the resistance and move up. Next week most probably it will release one of its new chip to the market.
Remember to consider overall market direction. Lately the market has been very volatile. If the market remains in neutral/positive state then this is very bullish.
Disclaimer: This is just my opinion, not an advice. Trade at your own risk. I/We long INTC.
The price is at resistance zone. Most probably it will break the resistance and move up. Next week most probably it will release one of its new chip to the market.
Remember to consider overall market direction. Lately the market has been very volatile. If the market remains in neutral/positive state then this is very bullish.
Disclaimer: This is just my opinion, not an advice. Trade at your own risk. I/We long INTC.
Comment:
Reasons to buy INTC keeps growing. It has entered into an agreement with one of China's govt sponsored company to supply 3D Nand flash memory. China wants to reduce its dependency of foreign imports. INTC will start manufacturing 3D NAND in China and supply to its Chinese partners. Support from Chinese Govt would boost INTC revenue.
Comment:
The price has reached the target much before estimated timeline. Based on current model I assume it would hit anywhere b/w $47.5-$60.
Comment:
Target price $57.5-$60
Trade closed: target reached:
The price went up closer to the target $57 and then significantly down. It is now in buy zone again...but the overall market doesn't seem to have enough positive momentum. So...I'm closing my trade here.