INTC Incredible amounts of bullish divergence on multiple time frames, and a notable, rare, DOUBLE DOUBLE BOTTOM (or double smiley face lol). In all seriousness, with earnings coming up and a lot of other economic factors, could be time for a reversal. Caught a bid here at $19.70, going long. SL below $19. Also worth mentioning, you hardly see bullish divergence on monthly timeframes, nonetheless weekly.
INTC Those thinking intel will fail are sadly mistaken. Chip manufacturing is now becoming an increasing national security threat in which the US government will not sit by and allow this company to fail and loose a massive US manufacturing chip giant like intel. Large portion of today's military equipment rely on chips and will only continue to increase.