$INTC Trending Upwards?
Hi all, I am a bit new to TA and trading in general, so forgive me if I am making incorrect assumptions. I recently bought into INTC @ 48.75 as I am bullish on their short term and long term success, and I feel they are terribly undervalued at current. The share price recently dumped following the Q2 earnings report, despite their beating of estimates, reflecting their guidance for the Q3 report. Despite this and the ever-increasing market cap of 
AMD and 
NVDA, I still believe 
INTC to be a solid company due to their well-established position in business computer chipsets and servers along with an increasing interest in cloud-based computing from companies such as 
MSFT, which should hedge against encroachment by both AMD and NVDA. The sustained transition to online and remote learning, business, and medicine we have seen and will see in response to the COVID pandemic will likely only benefit the company due to the need for better hardware and cloud-based services to carry out these tasks from schools and businesses. Overall, they seem to be following the green trendline upwards and will likely see growth ahead of Q3 and further on, despite their guidance issued Q2, which I feel caused an overreaction in share price dip. I hope I am not too far off base with this prediction, and I would welcome any criticism or advice regarding TA or DD. Thanks so much!
AMD and NVDA, I still believe INTC to be a solid company due to their well-established position in business computer chipsets and servers along with an increasing interest in cloud-based computing from companies such as MSFT, which should hedge against encroachment by both AMD and NVDA. The sustained transition to online and remote learning, business, and medicine we have seen and will see in response to the COVID pandemic will likely only benefit the company due to the need for better hardware and cloud-based services to carry out these tasks from schools and businesses. Overall, they seem to be following the green trendline upwards and will likely see growth ahead of Q3 and further on, despite their guidance issued Q2, which I feel caused an overreaction in share price dip. I hope I am not too far off base with this prediction, and I would welcome any criticism or advice regarding TA or DD. Thanks so much!
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