Hi everyone,
Today we are deep diving into
INTC
stock situation.
What happened?
Recently stock was dumped by institutions after earnings report, leading to 11% decline in price. As a result, stock was downgraded by a bunch of analysts.
Nevertheless, earnings were not terrible. Revenue missed the mark by just 0.84%, while EPS increased by enourmous 54%.
What does this mean?
The stock is immensely undervalued.
After the dump P/E ratio went to merely 9.6, which is insanely low compared to competitors P/E (good for Intel stock).
The plan:
Scaling into long position here.
Based on previous box tendency, I expect the stock to move inside the projected box and breakout upward.
IF we go lower to red trend line support, I expect massive buying volume there.
Best buying zone is circled on the chart, but there is a chance we don't see that level for a long time (hopefully never).
On a macro level, Intel is investing A LOT into R&D and building new plants, which should pay off in the long-run.
Please let me know what you think about
INTC
stock.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Today we are deep diving into
INTC
stock situation. What happened?
Recently stock was dumped by institutions after earnings report, leading to 11% decline in price. As a result, stock was downgraded by a bunch of analysts.
Nevertheless, earnings were not terrible. Revenue missed the mark by just 0.84%, while EPS increased by enourmous 54%.
What does this mean?
The stock is immensely undervalued.
After the dump P/E ratio went to merely 9.6, which is insanely low compared to competitors P/E (good for Intel stock).
The plan:
Scaling into long position here.
Based on previous box tendency, I expect the stock to move inside the projected box and breakout upward.
IF we go lower to red trend line support, I expect massive buying volume there.
Best buying zone is circled on the chart, but there is a chance we don't see that level for a long time (hopefully never).
On a macro level, Intel is investing A LOT into R&D and building new plants, which should pay off in the long-run.
Please let me know what you think about
INTC
stock. Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
