INTC overview before earnings
INTC has recently seen a decline within price from the highs of $40 - 50 levels. INTC has reached a level of stability around $30 and has successfully pulled up from these levels.
Due to earnings soon which comes with more volatility and (therefore more price action), there is a possibility to go higher though I am still conscious that these levels could be invalidated due to bad press/news etc.
If there is bad press, it is likely to drop around to the $20 - 26 levels though depends on the market's views.
INTC is currently trading at its 52 week low of around the $30 and we'll see if this level is sustained or invalidated.
Overall, I believe INTC has possibility to grow though upcoming news upon Intel to halt $25-billion Israel plant, and with the reports of their earnings and the market sentiment will overall decide this.
Currently in a trade long at 30.01. Still quite bullish about situation but could change if new news comes out, and will adjust position accordingly.
Due to earnings soon which comes with more volatility and (therefore more price action), there is a possibility to go higher though I am still conscious that these levels could be invalidated due to bad press/news etc.
If there is bad press, it is likely to drop around to the $20 - 26 levels though depends on the market's views.
INTC is currently trading at its 52 week low of around the $30 and we'll see if this level is sustained or invalidated.
Overall, I believe INTC has possibility to grow though upcoming news upon Intel to halt $25-billion Israel plant, and with the reports of their earnings and the market sentiment will overall decide this.
Currently in a trade long at 30.01. Still quite bullish about situation but could change if new news comes out, and will adjust position accordingly.
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