Technical Analysis On Intel Corporation:
INTEL INC, NASDAQ: INTC
The technical looks that the major trend is bullish but in short time price trending into downside, and reaching near to 52week low, which will be at 42, 5YEAR Support also will be there at 38, technically price following downtrend channel, in weekly chart last weekly candle having buying pressure which indicating upside momentum, the last breakout we have bearish, active trendline also will be following downtrend, anticipation for upside momentum from 52week low price of 42, we can wait for trend line breakout or buy at support zone.
FOR SHORT TERM: WAIT FOR TRENDLINE BREAKOUT
FOR LONG TERM: BUY AT 42, WITH STOP LOSS OF 38
IF YOU ALREADY IN TRADE HOLD WITH STOP LOSS OF 38
LETS TALK ABOUT FUNDAMENTALS:
So if we take a look on fundamental we have EPS2.7, and PE:16.96
EPS found to be a perfect time for entering for such kind of large-cap and PE to be found tinny overweighted now.
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