4335 trade ideas
INTC - Buy the Dip (Pt. 2)INTC like other growth stocks has retreated post US election turmoil and news on a Covid-19 vaccine. I see this as part of a wider selling of "stay at home stocks" vs. more value based names.
Currently INTC is testing the March 2020 lows after gaping lower 2x on the past two earnings releases and is now trading well below its 200 and 50 EMA's. On a long term basis the low to mid $40 levels have proven to be a strong support in the past and has attracted buyers on each occasion. YTD the stock is down roughly 21%
From a fundamental and relative valuation perspective the stock is accredited with a BUY rating by most analysts with a 12-months price target consensus at $52.90. The stock trades at a significantly lower forward PE of 8.9 than its peers with an avg. of 27.1, but with a higher dividend yield (2.9% vs. 1.8%). In comparison INTC's fundamentals remain promising in my view, even with competitors such as AMD catching up.
Technicals
Recently bounced off long term support level near $43
Formation of a short-term wedge since mid-October
Positive MACD crossover point is forming
Short term resistance around $47 (post earnings gap) and $49 (July 2020 low)
I will looking be to enter the stock around current levels given the technicals above confirm a breakout of the wedge. Stop loss just below lower wedge line.
INTEL CORP SCHEMEIt's time to think about finding a point of entry in this market condition.
Further drop is a possibility. Hence, it's vital to focus on levels of potential wave C to be able to accumulate the particular stock as cheap as possible before serious bullish breakout.
Intel (INTC) While work-from-home initiatives have recently improved comparisons in the PCcentric business, Intel is up against tough comparisons over the next four quarters.
P/E @ 8.91
Dividend @ 2.90%
Still good company - small correction, bounce and long.Fundamentals are still show good upside - i would put $50+ as target in 6 months.
Currently show HeadAndShoulders and would revert down to key support zone. I do not think will reach bottom 47, most likely will rebounce from 49.5 or 48.75, after i would enter long position.
Really good entry for INTC BULLSWe can set 2 entrys to this strat, 1ST now ($45.21) assuming price will fully respect the long-term support and 2ND entry with the old min trying a duble floor.
SL 1ST Entry: $42.83
SL 2ND Entry: $41.94
OBJ: Old Max $65.11
Long Term Invest
INTEL: Nice tecnical and fundamental support. For me its a BUYWe can see how it breaks the 200 ema, but that is the only bad sing i see in the short term.
We are not trying to get rich here, but a 6 to 25% upside is very resonable if you have patience for it to develop it.
First objective 49 second 55.
Long term 5 years I see intel in the 75-120 dolar range. Just having flat earnings, that is achivable
Oh, it's ON!In the blue corner: Intel
In the red corner: AMD
Who will win? Who's better? YOU DECIDE!
LET'S GET READY TO RUMBLE!!!
$INTC Intel On the Buy List, Bottom in.
INTC may offer up a long entry in the coming days on a break above resistance @47.00
Potential targets =
1) $47.90 20ma and volume shelf resistance
2) $48.44 Fibonacci 0.382 level.
3) $49.93 - $51.42 Fibonacci retrace levels.
major gap in the chart but given the news flow it may take time to reclaim oct levels.
Not worth it yet.They're undervalued on paper… But they're under-performing. Unlike with $CSCO they just don't have what it takes.
They may exist in 20 years, maybe I'll consider it then. I just can't see future value even if they make arm chips,
If they don't launch an ARM in 2021, or at least showcase one at CES I don't see them surviving the decade.
Approaching 50% debt, keeps on losing market shares. So far so bleak, especially when you consider AMD has been out
intc daily for naorzprice is close to a bottom. rsi and stochastic trying to cross over. double bottom or worst the green line lower. however, i think the trend is set, and price will backtest the break down line. its a question of which it is, but the three upsloping black lines are all backtest lines with resistance of a substantial period of price at 48.
