Possible short term reversal? Mobile Chips coming

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Looking at the 4 hour candles MACD looks to like time to reverse, and RSI is over sold. Picture is though different on day and week candles. Day candles looks neutral, but week seems like a start on a longer down trend. This may be a sign after all the american stocks have risen so much.

Intel has recently published a negative earnings report. It is clear that Intel has been challenged for quite a while, mostly by AMD . This mostly the mid-high-end desktop market. Ryzen has been released, but Intel is still going strong on mobile chips. Intel is soon to release a new series of mobile U-series chips. Looking fine short term, but long term they need to challenge AMD and at least match their 12nm architecture.
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