lucky_human_foot

Big turning point here?

Long
BATS:INTC   Intel Corporation
257 views
1
Technically Intel looks really attractive here

Macd crossover

RSI oversold

Fits with fibonacci lines

Trendline support

The only thing to have in mind is the earnings report on the 16. of october

Otherwise very good setup

Comments

It seems like it is doing a turnaround now as it has been beating the S&P after the earnings report and it is quite cheap on fundamentals. Furthermore.. even though tech is a little under pressure right now there will be a need for processsors in the future as well and Intel is a market leader.
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I think it is worth a bet if the next trendline will hold. Considering buying at 21
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imo, could test the high 20s before breaking downtrend.
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Agreed.
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