INTC Analysis On Few Premises

Updated

Sharing Historical Analysis, personal use only, not advice for investing(please seek professional advice)
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Intel Annouced Share buyback, Can it possibly initiate a rebound from current level? Let's see, trade/invest safe!
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Seeing CMF and RSI picking up from rock bottom, shares repurchase program in work?

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RSI came out from rock bottom, now we are testing overhead resistance of 54, MACD weekly crossover looking in place, AMD in comparison seems lacking momentum, if strong breakout at 54 then trade active!

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There are some fundamental issues with INTC now: a lagging innovation and production obstacles; cloud business slow down (diminishing momentum for expansion and taking a piece of the pie?)

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Still in downtrend, we are back into the channel, lower high and lower lows, not looking good to intc holders

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It did come back, and made 29% return

jerryz73001

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