Intel - Parabolic downtrend curve to end with a rebound
1) Parabolic downtrend curves usually ends with a sharp rebound.
2) Price to book ratio (1.11) is at the lowest level of at least 12 years.
3) Gap at 39
4) 39 is the long-term (since 2018) horizental support/resistance level.
Price target = 39
2) Price to book ratio (1.11) is at the lowest level of at least 12 years.
3) Gap at 39
4) 39 is the long-term (since 2018) horizental support/resistance level.
Price target = 39
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