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INTC

Intel - Still Got Another +15% From Here!Intel ( NASDAQ:INTC ) is perfectly respecting structure: Click chart above to see the detailed analysis👆🏻 For more than two decades, Intel has not been trading in any clear trend. We saw a lot of swings towards the upside which were eventually always followed by corrections, making Intel a very easy to trade stock. After the current retest of support, a move higher will eventually follow. Levels to watch: $20, $27 Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
8
Short INTC from $23.81 to $20.50 or channel bottomMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom top of 3 channels Stochastic Momentum Index (SMI) at overbought level Impulse MACD is flat crossing over to the downside Price at near Fibonacci level In at $23.80 Target is $20.50 or channel bottom
NASDAQ:INTCShort
by chancethepug
18
INTEL Outlook after the Dip. What to expect NOW ?According to the Financial Times, Intel and the United States will finalize $8.5 billion in chip funding by the end of the year. -(Reuters) - The Financial Times reported on Friday, citing people familiar with the discussions, that Intel and the U.S. government are likely to finalize $8.5 billion in direct funding for the chipmaker before the end of the year. - The report stated that the negotiations were at an advanced stage, but there was no guarantee that it would be finalized before the end of 2024. It added that any acquisition of all or part of Intel’s (NASDAQ: INTC) business could risk disrupting the negotiations. Intel and the U.S. Department of Commerce did not immediately respond to Reuters’ requests for comment. - U.S. President Joe Biden awarded Intel nearly $20 billion in grants and loans in March to boost the company’s domestic semiconductor chip output. - The preliminary agreement was for $8.5 billion in grants and up to $11 billion in loans for Intel in Arizona, where some of the funding will be used to build two new factories and modernize an existing one. Qualcomm (NASDAQ: QCOM) has approached Intel to explore a potential acquisition of the troubled chipmaker. - Once a dominant force in chipmaking, Intel ceded its manufacturing edge to rival Taiwan Semiconductor Manufacturing Co (TSMC) and failed to produce a widely desired chip for the generative AI boom capitalized on by Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD). I expect that the price will grow very quickly... ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NASDAQ:INTCLong
by CobraVanguard
Intel's $3.5 Billion Deal: A New Dawn for the Chip Giant?Intel (NASDAQ: NASDAQ:INTC ) made headlines with its stock climbing 1.22% in premarket trading on Monday, buoyed by reports of a potential $3.5 billion federal grant to manufacture advanced semiconductors for the U.S. Department of Defense. This deal, part of the Pentagon's "Secure Enclave" initiative, could mark a major turning point for Intel as it looks to reclaim its dominance in the global semiconductor space, a market increasingly vital to both civilian and military applications. Rebuilding with Secure Enclave The $3.5 billion federal grant Intel is expected to secure is part of the U.S. government's efforts to reduce reliance on foreign semiconductor manufacturers. Intel has emerged as the front-runner for the Secure Enclave program, which focuses on developing chips for military and intelligence use. While foreign competitors like Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung are also constructing U.S.-based plants with the help of the Chips and Science Act, Intel stands out due to its status as an American company with deep ties to national security interests. The funding will help Intel build and expand its production facilities across multiple states, including Arizona, Ohio, New Mexico, and Oregon, reinforcing its position as a key player in the domestic chipmaking industry. This comes at a time when the U.S. government is laser-focused on revitalizing semiconductor manufacturing and reducing reliance on Asian suppliers, especially in light of recent global supply chain issues and geopolitical tensions. Intel is also set to benefit from a separate potential $8.5 billion in grants and $11 billion in loans under the Chips Act, further bolstering its financial position. However, the disbursement of these funds is yet to commence, and the current Secure Enclave grant offers a more immediate lifeline. Intel’s broader manufacturing strategy, however, has not been without its challenges. A disappointing earnings report last month raised questions about CEO Pat Gelsinger’s global investment plans, forcing Intel to reconsider its priorities. Delays or cancellations in overseas projects may ensue, but U.S. facilities, especially those in Arizona and Ohio, are expected to proceed without disruptions. Signs of a Reversal From a technical standpoint, Intel's stock has been trading within a falling trend channel for a prolonged period. However, recent price movements suggest that a reversal could be on the horizon. As of Friday’s close, NASDAQ:INTC ended the session up 1.55%, breaking out from the ceiling of a bullish horizontal trend chart pattern. This breakout, combined with Monday's premarket rise, signals growing optimism surrounding Intel's prospects. The relative strength index (RSI) of 29.51 is another encouraging sign. A low RSI typically indicates that a stock is oversold and could be primed for a rebound. With Intel's RSI not yet entering overbought territory, there is ample room for upward momentum, especially given the positive news cycle around its government contracts and U.S. manufacturing ambitions. Key support levels for Intel lie around the $30 mark, a crucial pivot point in its long-term price action. Should the stock sustain its current uptrend, a move past $35 could set the stage for further gains. Conversely, if selling pressure resumes, the stock could revisit its recent lows, but the Secure Enclave deal may serve as a buffer against significant downside risks. The Road Ahead While Intel’s immediate future looks promising, the road ahead is not without its risks. The company still relies on Taiwan Semiconductor for some of its most advanced chips, a fact that underscores the limitations of its current manufacturing capabilities. Furthermore, Intel's ability to successfully deliver on the Pentagon’s demands will depend on its ability to innovate and scale production, areas where it has struggled in recent years. That said, Intel’s growing relationship with the U.S. government, bolstered by the Secure Enclave initiative and the Chips Act funding, positions the company well for future growth. As the semiconductor industry continues to evolve, with national security and technological leadership at the forefront, Intel has a unique opportunity to redefine its role on the global stage. Conclusion Intel’s $3.5 billion deal with the U.S. Department of Defense signals renewed confidence in the chipmaker's ability to contribute to critical industries. This deal represents a key milestone in Intel’s broader efforts to revitalize its manufacturing capabilities, while the technical outlook hints at a potential reversal in its stock price. With favorable government backing and promising technical indicators, Intel may be on the cusp of breaking out of its prolonged downtrend, offering investors renewed hope for future growth. However, the company’s reliance on external partners and the global competitive landscape remain key factors to watch.
NASDAQ:INTCLong
by DEXWireNews
9
Intel Corporation ($INTC) - Potential Squeeze After Rate CutIntel Corporation ( NASDAQ:INTC ) is setting up for an exciting squeeze potential following an anticipated rate cut. Here's why the technical landscape could be shaping up for a big move: Fibonacci Support Holding Strong The stock is currently holding well above the 0.786 Fibonacci retracement level, which is a critical area of support. Historically, holding this level is a strong indicator that a reversal could be imminent. A rate cut would provide a fundamental catalyst to accelerate a recovery from this level, as lower borrowing costs typically improve market sentiment, especially for large-cap tech stocks like Intel. Worst-Case Scenario: Testing $13–$14 Support While we are optimistic about the current setup, the worst-case scenario to watch for is a potential retest of the $13–$14 range. This level marks a significant historical support zone and, if touched, could provide a final flush-out of weak hands before the stock rebounds. Should this happen, it would likely signal a capitulation event, paving the way for long-term bulls to step back in at attractive prices. Squeeze Potential and Rebound Targets If Intel holds its current Fibonacci support, we could be setting up for a short squeeze driven by fresh liquidity entering the market post-rate cut. With technical and fundamental catalysts aligning, the stock has potential to rally toward the $40+ level over the medium term. This would mark a massive rebound, and a retest of previous highs would not be out of the question. Key Levels to Watch Immediate Support: 0.786 Fib level Worst-Case Support: $13–$14 Upside Target: $40+
NASDAQ:INTCLong
by MindPoison
Is SMCI a buy? SMCI has lagged NVDA and many other semis. Were now approaching a critical area...its make or break! positive Daily divergence provides some hopes that were close to a near term bounce however after today semiconductor selloff the whole complex was shattered. The fact that SMCI remained green while NVDA was down 10% should be a small win in itself... The question is can it hold and build on this? I do think its better positioned for a long than most semis. No confirmed technical breakdown has occurred yet
NASDAQ:SMCI
by Trading-Capital
1
Intel Faces Potential Exit from the DOW Amid Market StrugglesIntel Corp. ( NASDAQ:INTC ), once a dominant force in the tech industry, now faces the risk of being removed from the Dow Jones Industrial Average (DJIA), a position it has held since 1999. This possible removal could mark a significant blow to Intel’s already tarnished reputation, as the American chipmaker grapples with a host of challenges that have led to a dramatic decline in its stock price. Declining Performance and Missed Opportunities Intel's shares have plunged nearly 60% this year, making it the worst-performing stock on the Dow. The company has been struggling to keep pace with its competitors, missing out on major opportunities such as the artificial intelligence boom after passing on an early investment in OpenAI. This misstep, combined with mounting losses in its contract manufacturing unit, has placed Intel in a precarious financial position. To counter its downturn, Intel has undertaken drastic measures, including suspending its dividend and announcing layoffs that affect 15% of its workforce. However, many analysts believe these steps are not enough to reverse the company's fortunes. Ryan Detrick, Chief Market Strategist at the Carson Group, stated, "Intel being removed was likely a long time coming," highlighting the company’s prolonged struggles. Implications of Dow Removal The Dow Jones Industrial Average, unlike the S&P 500, is price-weighted, meaning stock price plays a crucial role in the inclusion of its members. Currently, Intel’s stock price is the lowest on the Dow, making it the least influential component of the index with a meager 0.32% weightage. Intel’s removal would not only be a symbolic blow but could also further depress its share price, which has already plummeted by over 70% from its all-time high in August 2000. While S&P Dow Jones Indices has not commented on whether Intel’s removal is imminent, the possibility looms larger than ever, with market experts pointing to potential replacements like Nvidia ( NASDAQ:NVDA ) or Texas Instruments ( NASDAQ:TXN ). Nvidia, which has seen a 160% surge in share value this year thanks to its leadership in AI chips, is a strong contender, although some consider it too volatile for the Dow. Texas Instruments, with its stable stock price and significant U.S. production capabilities, could also be a fitting replacement. Mixed Signals Amid Downtrend From a technical perspective, Intel’s stock has been exhibiting mixed signals. Despite a brief uptick of 9.49% in Friday's extended trading, the stock has struggled to maintain momentum, down 1.3% in Tuesday’s premarket trading. The Relative Strength Index (RSI) of 45.98 suggests that the stock is not yet oversold but is hovering close to the oversold territory, indicating potential for growth if market conditions improve. A move towards the RSI level of 30 would typically signal oversold conditions and could spark a rebound, but Intel’s current RSI level reflects ongoing uncertainty. Intel’s chart pattern also reveals a struggling trajectory, with limited bullish indicators. The stock price has been unable to sustain higher levels, reflecting broader concerns about Intel’s future prospects. Investors are keenly watching for signs of stabilization, but the technical outlook remains cautious. What’s Next for Intel? Intel’s battle to remain in the Dow highlights broader issues within the company, from strategic missteps to financial woes. The potential removal from the prestigious index underscores the urgent need for Intel to rethink its approach and regain its competitive edge. Whether through revamping its business model, making strategic investments, or improving operational efficiencies, Intel must act swiftly to restore investor confidence. As the chipmaker faces critical decisions, both technical and fundamental factors will play crucial roles in shaping its future. Investors should closely monitor Intel’s next moves, as the coming months will be pivotal in determining whether Intel can overcome its challenges or continue its slide into obscurity.
NASDAQ:INTCLong
by DEXWireNews
Technical Analysis on Intel (INTC)Using long-term volume analysis with the Volume Profile, we observe that Intel's ( INTC ) current price has moved below a significant monthly Point of Control (POC). To gain a clearer perspective, it will be crucial to wait for the monthly close to determine whether the price remains above or below this POC level. By zooming in to the daily or H4 timeframe, we notice a potential rounding formation in both the candlesticks and volume, indicating a possible shift in trend direction. Bullish Scenario: To confirm a bullish scenario, it will be necessary to wait for a monthly close above the POC. This signal will be strengthened if the volumes increase as well. Bearish Scenario: If the price stays below the POC, the bearish scenario suggests potential targets, as illustrated in the image below. It may be possible to consider short entries at the levels indicated as Target 2 and Target 3.
NASDAQ:INTC
by Giovanni_Bandini
Intel Stock Surges Over 8% Amid Strategic ExplorationOverview: Intel Corporation (NASDAQ: NASDAQ:INTC ) saw its stock rise more than 8% in early trading on Friday, sparking optimism among investors weary of the chipmaker’s prolonged slump. The surge followed reports that Intel is working with investment bankers to explore strategic options, including a possible business split or merger. This news arrives as the company grapples with financial setbacks and struggles to catch up with competitors like Nvidia and AMD in the AI-driven chip market. Strategic Moves to Reignite Growth: According to Bloomberg News, Intel (NASDAQ: NASDAQ:INTC ) is considering a range of options that could fundamentally alter its business structure. Among the possibilities is the separation of its flagship product division from its loss-making manufacturing unit, which has been a drag on overall performance. Intel’s efforts to expand its foundry services and chip production capabilities have strained its finances, prompting the company to reevaluate its investment priorities. The company is also reportedly contemplating the cancellation of some factory projects, a move that would help alleviate capital expenditures and refocus resources on more profitable ventures. These potential changes come as Intel’s market value recently dipped below the $100 billion mark, a first in three decades. The strategic review, which involves financial advisors like Morgan Stanley, reflects Intel’s urgency to regain investor confidence and reposition itself in a competitive market increasingly dominated by rivals. Fundamental Analysis: Intel’s recent struggles are well-documented, with the stock plummeting nearly 60% this year alone. The downturn has been exacerbated by a disappointing earnings report in August, a decision to pause dividend payments, and a series of layoffs impacting 15% of its workforce. These challenges highlight Intel’s ongoing difficulties in executing its turnaround plan under CEO Pat Gelsinger. Despite the headwinds, Intel’s decision to explore strategic alternatives could mark a pivotal moment for the company. A split or divestiture of underperforming units may unlock value and allow Intel to focus on core competencies, such as chip design and innovation. The company’s latest developments also coincide with Gelsinger’s commitment to launching next-gen processors like the Lunar Lake, which are expected to enhance Intel’s position in the laptop market. However, the path to recovery won’t be easy. Intel continues to lag behind Nvidia and AMD, especially in the AI chip space, where both competitors have gained substantial market share. Nvidia’s dominance in GPUs, which are critical for AI applications, has left Intel struggling to stay relevant in an industry that is rapidly evolving. Technical Analysis: From a technical perspective, Intel’s stock is showing signs of a potential bullish reversal. As of this writing, the stock is trading up 9%, with a Relative Strength Index (RSI) of 45, indicating it is neither overbought nor oversold and suggesting room for additional upward momentum. The daily price chart reveals a gap-down pattern that Intel appears poised to fill, which aligns with common trading strategies that anticipate price recovery in such scenarios. However, caution is warranted as Intel’s stock is currently trading below key moving averages, including the 50-day, 100-day, and 200-day Moving Averages (MA). This positioning underscores the stock’s ongoing challenges and serves as a reminder that while the recent rally is encouraging, the overall trend remains bearish. Investor Sentiment and Market Impact: Investor sentiment around Intel (NASDAQ: NASDAQ:INTC ) has been decidedly bearish for much of 2024, with many attributing the company’s decline to missed opportunities in the AI boom and operational missteps. Intel’s consideration of strategic options is seen as a proactive step to address these concerns, and the initial market reaction suggests that investors are hopeful about the potential outcomes. Analysts note that a split or divestiture could provide Intel with much-needed focus and financial flexibility, allowing it to better navigate the competitive landscape. The company’s ability to pivot and implement these changes effectively will be crucial in determining its future trajectory. Conclusion: Intel’s exploration of strategic alternatives has provided a glimmer of hope for investors amid a challenging year. While the stock remains under pressure, both technically and fundamentally, the proactive steps being taken by management signal a willingness to address longstanding issues. With room for growth indicated by technical indicators and the potential for significant business restructuring, Intel’s future will largely depend on its execution of these strategic options. For now, the market’s positive response reflects cautious optimism that Intel can turn the corner and reestablish itself as a formidable player in the semiconductor industry. Investors should keep a close watch on the upcoming board meeting in September, where Intel’s advisors are expected to present their recommendations—a pivotal moment that could shape the company’s direction for years to come.
NASDAQ:INTCLong
by DEXWireNews
Is Intel's New Process Node a Game-Changer?Intel's latest reveal, the Intel 3 process node, promises to revolutionize the tech landscape with substantial performance and efficiency gains. But could this be the strategic breakthrough Intel needs to outmaneuver its competition? Enhanced Performance and Density for Leading-Edge Computing Intel's commitment to process technology leadership leaps forward with the Intel 3 process node, boasting an impressive 18% performance improvement and a 10% density increase over the previous generation. Tailored to meet diverse customer needs, Intel 3 offers four distinct variants, each optimized for specific applications, from high-performance computing to AI. First Leading-Edge Foundry Node Drives Ecosystem Growth Intel 3 marks a pivotal shift in Intel's strategy, as its first leading-edge process technology is made available to external customers through Foundry services. This move positions Intel as a key player in the foundry market, potentially reshaping the competitive landscape. Manufacturing Readiness and High-Volume Production Achieving manufacturing readiness in late 2023, the Intel 3 node has successfully transitioned to high-volume production, powering the Intel Xeon 6 processor family. This real-world application demonstrates its capability in server-grade computing solutions, solidifying Intel's technological prowess. A Stepping Stone to the Future of Computing As the final evolution of Intel's FinFET technology, the Intel 3 node provides a robust foundation for future advancements, paving the way for the forthcoming RibbonFET technology and the Angstrom era with Intel 20A and 18A process nodes. Curious to know more about how Intel's latest innovation could impact the future of computing? Dive into the full analysis and uncover the potential ripple effects on the semiconductor industry.
NASDAQ:INTCLong
by signalmastermind
Intel | INTC | Long at $20This is going to be purely about technical analysis since Intel NASDAQ:INTC has a 90x P/E and has not proven themselves to be a viable challenger in the semiconductor market (yet...). Bad news could continue to destroy this ticker, but without that news, there could be some recovery in the near term. The NASDAQ:INTC chart is in an overall downward trend. However, based on a few of my selected simply moving averages (SMAs), there is some predictability around support/resistance areas. Some of my favorite setups are a nice bounce on the lowest (green) selected SMA, occurring in October 2022 for a "rip then dip" to the second lowest (blue) - which it hit now. Often, but not always (I can't stress this enough), this green to blue SMA bounce represents a very strong support area during a downward trend. The other move is a further dip to retest the green SMA, but I suspect that would come with tremendously bad news for Intel... let's hope not, though. Currently, NASDAQ:INTC is in a personal buy zone at $20.00 based on technical analysis only. A stop has been set if it drops below the blue SMA (which is may further test). Target #1 = $28.00 Target #2 = $32.00 Target #3 = $60.00+ (very long-term, but high-risk unless fundamentals change)
NASDAQ:INTCLong
by NicksAnalysis
Intel Corporation (INTC) Stock: A Investment Opportunity ?Intel Corporation's recent earnings report has raised some concerns, but there are several reasons to remain optimistic about INTC stock. Despite a challenging Q2, Intel is strategically shifting production to its high-volume plant in Ireland, positioning itself for long-term gains. The company's focus on cutting-edge chip manufacturing and AI advancements highlights its commitment to innovation. Moreover, Intel's diverse portfolio, including the promising Gaudi AI products, provides a solid foundation for future growth. With strategic cost-cutting measures and a strong financial position, Intel is poised to rebound and deliver value to its investors.
NASDAQ:INTCLong
by Maximus20000
Intel Shares Plummet 28% Amid Disappointing Q2 EarningsIntel Corporation ( NASDAQ:INTC ) witnessed a staggering 28% drop in its stock price on Friday, sending shockwaves through the semiconductor industry and contributing to a broader tech sector decline. The company's disappointing second-quarter earnings report, coupled with a significant workforce reduction plan, has raised serious concerns about its future prospects. A Stark Earnings Miss and Workforce Reduction Intel's Q2 earnings report fell significantly short of expectations, sparking a steep decline in its stock price. The company reported a substantial earnings miss and revealed plans to lay off more than 15% of its employees as part of a $10 billion cost-reduction strategy. This announcement marks one of the most severe stock declines for Intel in recent history, reminiscent of the tech bust of 2000. The semiconductor giant's revenue and profit figures for the June quarter were notably below analyst estimates, exacerbating investor anxiety. The company's decision to implement significant layoffs underscores the challenging landscape it faces as it struggles to compete with rivals who are capitalizing on the AI boom. Global Semiconductor Stocks Take a Hit Intel's dismal performance had a ripple effect across the global semiconductor industry. Major Asian and European chipmakers saw their stock prices tumble in response. Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung, two of the world's leading semiconductor companies, experienced notable declines of 4.6% and over 4%, respectively. SK Hynix, a key supplier to Nvidia, closed more than 10% lower, highlighting the widespread impact of Intel's struggles. In Europe, semiconductor firms such as ASML, ASMI, STMicroelectronics, and Infineon also faced significant losses. ASML, which provides essential tools for chip manufacturing, saw its shares drop by over 8%, while ASMI fell by 9%. The negative sentiment surrounding Intel's results further fueled the global sell-off in tech stocks. Broader Market Impact The repercussions of Intel's disappointing earnings were felt across the broader market. The Nasdaq 100 index, heavily weighted with tech stocks, was particularly affected, dragging down overall market performance. The VanEck Semiconductor ETF, which tracks major names in the semiconductor sector, closed roughly 6.5% lower on Thursday. Adding to the market's woes, U.S. stock futures saw significant declines on Friday. Dow Jones Industrial Average futures dropped 317 points (0.8%), S&P 500 futures decreased by 1.1%, and Nasdaq 100 futures fell by 1.8%. The anticipation of a critical July payrolls report further contributed to the cautious market sentiment. A Mixed Picture for the Semiconductor Sector Intel's struggles come amid a mixed performance across the semiconductor sector. While companies like Nvidia and AMD continue to thrive due to the AI boom, others like Qualcomm and Arm are yet to see similar benefits reflected in their financial results. This divergence underscores the varied impacts of AI investments within the industry. Nvidia, in particular, faces additional scrutiny as the U.S. Department of Justice (DOJ) investigates potential antitrust violations related to its dominance in the AI chip market. Despite these challenges, Nvidia maintains that it competes based on decades of investment and innovation, and is prepared to cooperate with regulators. Intel's Strategic Vision and Challenges Despite the grim immediate outlook, Intel's CEO Pat Gelsinger remains committed to the company's long-term strategy. Gelsinger reiterated Intel's ambitious "5 nodes in 4 years" plan, aimed at advancing its foundry business and catching up with TSMC. This initiative includes the critical 18A process node, which is expected to power some of Intel's most important products in the coming years. Technical Outlook Intel stock ( NASDAQ:INTC ) has dropped 29% and currently has a Relative Strength Index (RSI) of 16.66, indicating it is oversold, with potential for further decline to an RSI of 10 due to a significant downward gap on the daily price chart. You can exploit these gaps through various strategies, such as buying after-hours following positive fundamental reports to anticipate a gap up, or entering positions at the start of price movements. Conclusion Intel's latest earnings report has cast a shadow over the semiconductor industry, triggering a substantial sell-off and raising questions about the company's future. While Intel's long-term strategy shows promise, the immediate challenges and market reaction underscore the difficulties it faces in navigating the competitive landscape. As the tech sector grapples with these developments, all eyes will be on Intel's next moves and their potential impact on the broader market.
NASDAQ:INTCShort
by DEXWireNews
$INTC: If there was a time to buy, it is nowYou heard it here first, Intel has finally bottomed long term and it's about to rip from here...A beneficiary of the recent trend of deglobalization/reshoring, and the inflation reduction act, $INTC had been battered and bruised for ages since it peaked back in early 2020, underperforming basically everything since then. Valuation has reached extremely low levels and people were questioning the sanity of the CEO buying shares and making religious remarks about the fate of the company (pretty much praying for the company to do well recently). Very hated name, and it finally looks like the pain is over. Everyone who was holding it for years has capitulated, and the stock ran out of sellers down here. Any slight positive news and buy pressure will make it lift tremendously, specially as people on the sidelines jump in. Best of luck! Cheers, Ivan Labrie.
NASDAQ:INTCLong
by IvanLabrie
4