ValerianK

Intel might has reached the bottom. Retrace might happen soon.

Long
BATS:INTC   Intel Corporation
All indicators have reached a bottom. This doesn't necessarily imply an immediate pullback by Intel, but it presents a favorable opportunity to buy the dip.

The 3-line indicator has hit a triple bottom on the daily chart.
The RSI is as low as it was at the beginning of the previous uptrend.
The chart shows two green buying signals.

While the price of Intel could potentially decrease further, the likelihood of a retracement is higher at this level.

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